Loan Officers - A Vanishing Breed?

TRID: Wholesale Lender or Mortgage Broker Liability ?

Posted on Posted in Common mistakes, Mortgage Broker Compliance, New Guidelines, Tips and Tricks

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 […]

TRID or Absolute Power Corrupts Absolutely: Big Changes Coming in the Mortgage Industry

Posted on Posted in Mortgage Broker Compliance, New Guidelines

Unless you have been living on a remote planet somewhere you know the new TRID (Tila-Respa-Integrated-Disclosure) is the hot topic in the mortgage industry. Originally slated to go into effect Aug. 1, 2015, it is now scheduled to go into effect on Oct. 3, 2015. This is a completely new disclosure that replaces all current […]

4 Clients We Can Help

Posted on Posted in Mortgage Broker Compliance, Mortgage Fraud Expert Witness, New Guidelines, Tips and Tricks

Mortgage borrowing is a complex procedure and the process is susceptible to mortgage fraud for a variety of reasons. Mortgage fraud can significantly damage all those involved in the process including the lenders, borrowers, mortgage brokers, loan officers, appraisers, credit repositories and attorneys. Regulators are swamped with investigations of mortgage fraud dating back as much […]

How We Help Those Who Originated a Stated Income Loan

Posted on Posted in Common mistakes, Mortgage Broker Compliance, New Guidelines

Mortgage brokers and loan officers are at great risk of prosecution due to originated stated income loan products. Even if they originated a prime stated loan there is a risk that they may face jail time or  a large fine, frequently even both. Necessary precautions have to be taken to ensure that you are protected in case you are questioned […]