Intent or Ignorance?

Posted on Posted in Common mistakes

With the year 2014 upon us there are over 2000 pages of new mortgage rules that will continue to change the industry as the Consumer Financial Protection Bureau makes its presence felt. For many Mortgage Brokers critical decisions will have to be made as to education, cost of compliance and the ongoing business model. There […]

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 […]