Consumer Financial Protection Bureau may be doing the opposite of it’s intended purpose.
It amazes me how many mortgage brokers continue to operate without an implemented quality control program, choosing instead to roll the dice and hope for the best. This business philosophy is proving to be very costly with significant regulatory fines and loss of operational licenses happening literally every day. Current industry projections forecast a 35% […]
We currently live in heightened arena of compliance that is hard for anyone in the mortgage industry to ignore. A constant stream of new rules and regulations seems to be never ending and adds a tremendous amount of additional cost to the mortgage process. Many smaller mortgage entities look for more cost efficient methods of […]