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There are five reasons why mortgage originators should be welcoming this change.
March 4
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A technical reading of the rule supports excluding charges by a broker's title affiliate from the 3% fee cap. But without a specific interpretation from the CFPB, it would be unwise to risk a loan's QM status.
March 3
Offit | Kurman -
Big data will hit its stride when tailored to vertical markets and their specific needs. Mortgage Servicing is an excellent example.
February 28
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Brian Scott Cohen of Wells Fargo's Brooklyn, N.Y. office is now the provisional leader in Origination News' 2013 Top 200 loan officer survey.
February 28
National Mortgage News -
Loan modifications continued their dominance as the primary method for foreclosure prevention in 2013, both through government-driven and proprietary servicer programs.
February 28
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Many conversations in the loan process start with this often uttered, never welcome phrase: "I am going to need an explanation " If you were on the receiving end of that message, how would that make you feel?
February 28
STRATMOR Group -
Also, loan officer compensation trial victory for Prospect Mortgage and employment contract news.
February 27
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Due to the roll-out of new regulations and recent supervision reports, servicers are facing more regulatory challenges than at any time in recent memory.
February 26Financial Industry Computer Systems Inc. -
Poorly executed rebranding efforts (especially when switching marketing efforts to purchases from refinancings) can damage your company and put its future in question.
February 26
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The new rules are causing originator sales paralysis because of their complexity.
February 26