As part of a panel discussion held at this year's MBA National Technology in Mortgage Banking Conference and Expo, Phoenix, the Mortgage Industry Standards Maintenance Org. (MISMO) announced that the next step to promote industry adoption of the standards will include the development of MX Compliance Service.This product will act as an independent certification process to ensure that those companies claiming to be MISMO compliant are what they say they are. The first phase of the product is expected this summer. The next step is to test SMARTDoc eMortgage files. The second phase is expected to roll out later this year.
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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27 -
Deferrals are up but still haven't outpaced loan modifications in conservatorship-era foreclosure prevention, according to the Federal Housing Finance Agency.
March 27