ERS Group, Knoxville, Tenn., has announced the release of software tools to help financial services firms determine their regulatory compliance guidelines under various pieces of mortgage-related federal legislation.The Web-based RiskExec is designed to help financial firms improve productivity by reducing their data management burdens and enhancing communication among their compliance team members, the company said. It consists of software tools "developed specifically for financial services firms and their management teams covering [Home Mortgage Disclosure Act, Community Reinvestment Act], and high-cost loan analyses," said Cary Collins, a principal at ERS Group. "We help clients better manage regulatory and compliance risks by monitoring their ongoing lending processes and by providing appropriate compliance and executive-level reporting on these processes." The company, a subsidiary of Dallas-based SourceCorp, can be found online at http://www.ersgroup.com.
-
The Community Home Lenders of America and the Community Associations Institute want the FHA to insure loans on condos approved by Fannie Mae and Freddie Mac.
9h ago -
The Federal Open Market Committee's decision to reduce interest rates for the first time in nine months lifted bank stocks Wednesday. The 25-basis-point reduction could lead to net interest income headwinds now, but loan growth later, analysts said.
9h ago -
Most lenders said they had already priced in the widely-anticipated decision to cut short-term rates for 30-year home loans but other products will benefit.
9h ago -
The deal for the Class A office building owner will be funded from Rithm's cash as well as liquidity on the balance sheets, plus possible co-investors.
11h ago -
Mortgage applications saw a significant jump for the second consecutive week, as homeowners took advantage of plummeting rates, the MBA said.
September 17 -
The government-sponsored enterprise is making changes to mortgage-backed securities and servicing disclosure files to support use of the advanced credit score.
September 17