Quality Control vs. Compliance Audits in Mortgage Lending
Quality control and compliance audits are vital to any mortgage originator business, including banks and brokers. Although the two may have slight […]
A Guide to Carrying Out Post-Closure Mortgage Quality Assurance Successfully
Complacency in QC rules and regulations played a significant role in the US subprime market collapse of 2007-2010. Consequently, the Federal government […]
5 Things to Know About State Audits
Just recently, the US Attorney for Eastern District arrived at a settlement with a mortgage lender based in California to resolve allegations […]
How Mortgage Lending is Changing in 2021
Back in 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act in order to “promote the financial stability of […]
3 Ways To Spot A Fraudulent Mortgage Broker
Mortgage fraud is a major issue. While there are plenty of reputable mortgage brokers out there, there are some that rely on […]
Cyber Security Policies to Put in Place for Wire Transfers
The digital age has never been more prominent than it is today. Wire transfers are commonplace, occurring daily in the mortgage industry […]
How Mortgage Companies Stay Compliant With Electronic Processes
Whether you’re a mortgage banker, broker or federal credit union, mortgage lending requires a lot of documentation. There are all kinds of […]
How to Not Get Taken Advantage During the Market Recession
The real estate market has taken a downturn during the past few months and some are concerned that a recession might be […]
Market Recession: Here’s What it Means for the Mortgage Industry
In early March, the Mortgage Bankers Association was forecasting total mortgage originations for 2020 would eclipse 2019’s totals by 20.3%. They predicted […]
BSA/AMR – NEW PRIORITY IN MORTGAGE INDUSTRY AUDITS
BSA/AMR – NEW PRIORITY IN MORTGAGE INDUSTRY AUDITS As you may, or may not, know FINCEN has included mortgage brokers in the […]