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Category: Common mistakes

Common mortgage mistakes can lead to big issues down the road. Read on for more information.

January 4, 2018January 4, 2018Common mistakes, Tips and Tricks

The Could Have, Would Have, Should Have Club

Who’s In the Club?   The Could Have, Would Have, Should Have Club is one of the largest clubs in the world. […]

May 2, 2016June 13, 2016Common mistakes, Mortgage Broker Compliance

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 […]

December 14, 2015Common mistakes, Mortgage Broker Compliance, New Guidelines

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 […]

Loan Officers - A Vanishing Breed?
October 22, 2015Common mistakes, Mortgage Broker Compliance, New Guidelines, Tips and Tricks

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 […]

The Wildebeest Theory
October 3, 2014October 3, 2014Common mistakes, Mortgage Broker Compliance, Tips and Tricks

The Wildebeest Theory

Recently, at a mortgage conference in Las Vegas, there were several discussions about small and medium-sized entities inability, or lack of desire, to […]

Calculator
July 15, 2014November 25, 2014Common mistakes, Mortgage Broker Compliance

Consumer Financial Protection Bureau (CFPB) Warns Against Table Funders pretending to be Mortgage Correspondent Lenders

The CFPB has provided the guidance it will use in determining whether correspondents are table-funders or conducting bona-fide secondary marketing transactions. The […]

June 29, 2014January 28, 2015Common mistakes, Mortgage Broker Compliance, Mortgage Fraud Expert Witness

CFPB Audit Issues

The Consumer Financial Protection Bureau (CFPB) has now launched itself into the world of mortgage brokers, both pure brokers and correspondents. Three […]

May 22, 2014November 18, 2014Common mistakes, Mortgage Broker Compliance

Roll The Dice

It amazes me how many mortgage brokers continue to operate without an implemented quality control program, choosing instead to roll the dice […]

April 23, 2014November 18, 2014Common mistakes

Injustice for All

The following is based on a true story and, for a blog, may be a little long, but mortgage professionals need to […]

March 20, 2014July 18, 2014Common mistakes, Mortgage Broker Compliance

The Real Cost of Non Compliance

 We currently live in heightened arena of compliance that is hard for anyone in the mortgage industry to ignore. A constant stream […]

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