January 2014 ~ Mortgage Defense

The Dreaded Regulatory Audit

Posted on January 30, 2014July 18, 2014 Neill FendlyLeave a commentPosted in Common mistakes, Mortgage Broker Compliance, New Guidelines

You remember the day well. A beautiful morning, the market is growing, business is going very well and you are just on top of the world as you pull up to your office. It all ends in the next 30 minutes as you find out you are being audited by your regulator. A thousand things […]

Intent or Ignorance?

Posted on January 14, 2014November 25, 2014 Neill FendlyPosted in Common mistakes

With the year 2014 upon us there are over 2000 pages of new mortgage rules that will continue to change the industry as the Consumer Financial Protection Bureau makes its presence felt. For many Mortgage Brokers critical decisions will have to be made as to education, cost of compliance and the ongoing business model. There […]