Dynatek, an origination vendor based in Livonia, Mich., has announced that it has received credit response and reporting certification from the Mortgage Industry Standards Maintenance Organization.The compliance program was developed to demonstrate which technology vendors are truly compliant and which just say they are. As part of a panel at the Mortgage Bankers Association's 92nd annual convention, the MBA's vice president of industry technology, Gabe Minton, told the crowd that if a vendor says it is compliant, but its name is not on the MISMO website, then the certification is pending at best. At worst, the vendor is misleading the industry into believing it is compliant. As the compliance program expands, more certifications will be developed to test other parts of the process beyond credit and mortgage insurance. Dynatek can be found on the Web at http://www.dynatek.com.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry