On Tuesday, May 30, Argent Mortgage Co. LLC will launch Argent University to help its approved brokers "enhance their professional skills and build their businesses."Powered by CampusMBA, the educational arm of the Mortgage Bankers Association, Argent U. will provide 12 months of 24/7 online access to more than 50 online courses for the single price of $350. Argent said its research shows that total price to be about $100 below the advertised cost of one typical Web-based course. In addition to a variety of useful resources, the Argent U. course of study will comprise 60 courses divided into three tracks. Some courses will provide continuing education credit, while others will lead to actual professional designations. An Argent spokesman said the program design was based on feedback gathered in broker focus groups. The company can be found online at http://www.argentmortgage.com.
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Under the proposed rule, the definition of a manufactured home would allow upper floor sections to be transported and constructed without a permanent chassis.
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Even though the SAFE Act does not require AI loan officers licensing, other laws, as well as regulators, still look for a person to be responsible.
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The government-related market's push has intensified efforts to draw up classic FICO comparisons or set up interim rating policies pending more data.
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The changes provide standardized appraisal guidance in advance of a mandatory compliance date to a new reporting format in November this year.
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Provident Bank says My Mortgage used a $10 million line of credit to fund dozens of ineligible, dilapidated properties and sold them to their own employees.
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OneTrust Home Loans says its employees secretly used Floify to funnel loans to brokerage E Mortgage Capital, which were then funded by the wholesale giant.
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