The FHA's loan defect taxonomy "does nothing to reduce the confusion or increase the confidence that lenders can originate and insure loans through FHA without severe and unknown risk," said Quicken Loans CEO Bill Emerson.
The Federal Housing Administration's new loan defect "taxonomy" may give lenders better clarity on the quality assurance reviews of FHA loans, but it's not a shield from possible enforcement action by the Department of Justice and other regulators.
Arcus Lending's Shashank Shekhar uses online marketing to make his Silicon Valley customers feel at home.
Shashank Shekhar, CEO of Arcus Lending in San Jose, Calif., uses a strong presence online to attract tech-savvy clients.
Loan officer Chris Schoenthal found a creative use for pickle jars in his quest to drum up new business.
2015 Top Producers
ON's annual rankings show how loan officers made the most out of a tough year for originators.
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