Who’s In the Club? The Could Have, Would Have, Should Have Club is one of the largest clubs in the world. Its enormous membership spans generations, all the way back to the beginning of time. If you are active in business, investing, or anything similar, you’re undoubtedly familiar with this club.
They sneak up on you out of the blue and you have to be prepared! Every mortgage broker dreads the day they receive the notice that they’re going to be audited by their regulator. Whether you think you’re prepared or not, it’s not strange that you’re concerned. There’s so many small details that go into […]
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 […]
Recently, at a mortgage conference in Las Vegas, there were several discussions about small and medium-sized entities inability, or lack of desire, to remain current with the necessary compliance requirements. In short, many small to mid-size mini correspondents and mortgage brokers are not compliant and don’t seem to be concerned about it. It was part of this conversation […]
Mortgage borrowing is a complex procedure and the process is susceptible to mortgage fraud for a variety of reasons. Mortgage fraud can significantly damage all those involved in the process including the lenders, borrowers, mortgage brokers, loan officers, appraisers, credit repositories and attorneys. Regulators are swamped with investigations of mortgage fraud dating back as much […]