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Mortgage Fraud Expert Testimony

“I will always consider Neill Fendly family.” A Glowing Recommendation for Neill Fendly of Mortgage Defense

Today, we are honored to share with you this recommendation letter sent to us by a client. Stories like this one prove that our services can change lives for the better, and heal futures that seem broken beyond repair. We are grateful for your words, Robin, and we will continue to work day and night to

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complacent mortgage broker compliance

Complacent Compliance

Over the last year or so, I have observed an interesting phenomenon that is quite troubling: most mortgage brokers have figured out that unless they run large multistate operations, the odds of them being audited by the Consumer Financial Protection Agency are slim (if not entirely improbable.) This assumption holds true, and mostly has to

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Fraud Continues to Defy Regulation

Fraud Continues to Defy Regulation

There is a false sense of security in the mortgage industry concerning fraud. Given the current regulations following the financial meltdown in 2008, many are convinced fraud has been eliminated, yet nothing could be further from the truth. Despite new enhanced regulations, the persistent greed of individuals constantly tests the system for “easy money.” An

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What Happens Now that the Election is Over?

Yipee, the election is finished! No more Dodd-Frank, no more CFPB, no more TRID. Out of the above statements, only one we know for sure is true: the election is over. I have friends on both sides of the aisle who are convinced one or more of the other three statements are also true with

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Attorneys Recommend Neill Fendly of Mortgage Defense

We at Mortgage Defense are in the business of helping people navigate the complex world of mortgage fraud and compliance. It brings us immense satisfaction and fulfillment to hear feedback from the people we serve. We were delighted to receive the letter below from one of our attorney partners. Thank you, Jeffrey, for your kind

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Where Are All the Millennials?

In the real estate/mortgage industry, this has become a major unanswered question for the last 2-3 years. The age group of 18-32 year olds is simply missing in action in the real estate and mortgage markets.

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Get This One Done

Every once in a while something comes down the pipeline that the mortgage industry has needed for a very long time. While getting into the mortgage industry as a loan officer and moving to a mortgage broker has become more difficult, and rightly so, than at any time in the past it is, for the

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How to be Prepared for Your Regulatory Audit

They sneak up on you out of the blue and you have to be prepared! Every mortgage broker dreads the day they receive the notice that they’re going to be audited by their regulator. Whether you think you’re prepared or not, it’s not strange that you’re concerned. There’s so many small details that go into

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TRID OVERLAYS & MORTGAGE BROKERS

Depending on how a Mortgage Broker runs their operation, the ability to have the wholesale lender doing the Loan Estimate for them has been both a plus and somewhat difficult. Why? Well, it all comes to three specific reasons that are now emerging. Certainly not all wholesale lenders have these issues or circumstances, but I

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Loan Officers - A Vanishing Breed?

TRID: Wholesale Lender or Mortgage Broker Liability ?

By now everyone is aware of the TRID rule and is coping with compliance and how it is affecting their day to day business. Of particular interest is how this regulation is impacting Mortgage Brokers and their operations. I have heard the wailing and gnashing of teeth, but an apparent solution, provided by wholesale lenders

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