ComplianceEase, a division of San Francisco-based LogicEase Solutions Inc., has released PredatorAnalyzer AssureCert, which the company is calling "the industry's first fully-warranted automated compliance solution."Specifically, the product is designed to enable originators to comply with high-cost and anti-predatory lending legislation and protect against violations. The company will combine the new offering with its existing PredatorAnalyzer product. The combined product is backed by an A.M. Best-rated A++ insurer and covers losses due to fines, penalties, judgments, and secondary-market transaction losses due to compliance defects. The product is available for loan-level protection of up to $300,000 with a coverage period of five years. ComplianceEase can be found on the Web at http://www.complianceease.com.
-
Elevated delinquency levels have not affected expected losses, however, due to home price appreciation, Fitch Ratings said.
5h ago -
Retail lenders, including Beeline, Tomo Mortgage and Rocket Mortgage, settled with the department over infractions like submitting a false certification to not having the proper liquidity to be in the program.
5h ago -
A pair of bills, one with bipartisan support, look to address the issues around heirs' property so these families can have clear title on their homes.
5h ago -
The agreement, in which the real estate giant admits no wrongdoing, will cover around 70,000 agents.
8h ago -
Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
April 25 -
Members of the LGBTQ community were most likely to have experienced housing bias, according to a Zillow survey, which also found many people don't recognize how fair lending laws could help.
April 25