March 2014 ~ Mortgage Defense

The Real Cost of Non Compliance

Posted on March 20, 2014July 18, 2014 Neill FendlyLeave a commentPosted in Common mistakes, Mortgage Broker Compliance

We currently live in heightened arena of compliance that is hard for anyone in the mortgage industry to ignore. A constant stream of new rules and regulations seems to be never ending and adds a tremendous amount of additional cost to the mortgage process. Many smaller mortgage entities look for more cost efficient methods of […]

Stated Income/Stated Asset Loans

Posted on March 6, 2014November 25, 2014 Neill FendlyPosted in Mortgage Fraud Expert Witness

Past Stated Income/Stated Asset Loans – The Continuing Menace to Loan Officers Many of you have read an older published document I authored called “Stated Loans the Silent Killer”. Unfortunately nearly 2 ½ years after that article was published the situation has escalated into countless cases across the country. You can find that article on […]