complacent mortgage broker compliance

Complacent Compliance

Posted Posted in Mortgage Broker 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 […]

Loan Officers - A Vanishing Breed?

TRID: Wholesale Lender or Mortgage Broker Liability ?

Posted 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 […]