Loan Think

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.

If you look on the bright side, you will realize that this year has all the makings of a potentially incredible year.

There ought to be some flexibility to allow negotiated loan fees. But in these highly regulated days, nothing is easy.

Now that Jan. 10 has arrived with its many new regulations, some loan officers are thinking about whether they should stay in the mortgage business. There are other issues, however, that they should be thinking about as well.

The agency is reportedly auditing a number small lenders and brokers for compliance.

Hummingbirds are inexorably tied to the flowers they feed upon. They co-evolve. This is what is about to occur as federal and state laws co-evolve to create new compliance challenges for lenders.

This past year, most lenders experienced significant demand for mortgage products, driven by low rates and high refinance activity.

It takes more than just refreshing your marketing to improve your image.

Since its inception in 2010, the Consumer Financial Protection Bureau has implemented wide-ranging changes to the rules and regulations governing financial institutions and other entities operating in the financial arena.

While meeting past compliance deadlines has often felt like running a marathon, many in the banking industry view meeting the approaching Consumer Financial Protection Bureau's mortgage servicing deadline as a flat-out sprint.