Loan Think

A stand-alone quality control unit may soon become a casualty of the heightened mortgage regulatory environment.

This time of year is the right time for mortgage brokers and loan officers to get things in order.

In perhaps one of the most significant but least talked about changes, mortgage servicers will be facing revised statutes governing qualified written requests under the Real Estate Settlement Procedures Act.

The CFPB estimates litigation expense could be just 10 basis points per loan, or even lower.

Often one of the biggest obstacles to a refi has been the need for a subordination agreement from a junior lien holder.

This supports other bright lines many lenders have been interesting in adopting in terms of loan size and loan programs.

This rule allows the CFPB examiners an easy way to trace the funds without having to dig through papers.

Not much good has been said about those loan officers that scoop up the business that falls into the company’s lap, but that will change in the future.

Independent mortgage bankers’ net income declined 60 basis points between the second and third quarters, Richey May data show. Some penny pinching is in order.

Just a little something that loan officers can hand out to real estate agents during the holiday season.