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Regulatory Compliance

Marrying Compliance with Innovation

BLOG VIEW: In an ever-changing regulatory environment, it may seem that compliance serves as a hurdle to achieving innovation, or at least, that innovation...

White House to Name Kathy Kraninger as Permanent Director of CFPB

The Trump Administration is expected to name Kathy Kraninger as its nominee to permanently lead the Consumer Financial Protection Bureau (CFPB), Bloomberg reports. If confirmed,...

Debora Aydelotte: Diversity, Data Security and Due Diligence Driving Change in Mortgage

PERSON OF THE WEEK: Debora Aydelotte is the chief operating officer of Credit Risk Solutions, a Computershare subsidiary. A mortgage industry leader with more...

ARMCO Hires Industry Veteran Nick Volpe as Chief Strategy Officer

Mortgage industry veteran Nick Volpe has joined ACES Risk Management (ARMCO), a provider of enterprise financial risk mitigation software solutions, as chief strategy officer. Volpe has more...

Altavera Mortgage Services Rebrands to Credit Risk Solutions

Altavera Mortgage Services is rebranding under a new name: Credit Risk Solutions. The provider of outsourced loan fulfillment and due diligence services for mortgage lenders,...

Promontory MortgagePath Announces Three Executive Hires

Promontory MortgagePath, a provider of next-generation mortgage technology and loan fulfillment services, recently announced three senior-level additions to expand its relationship management and sales...

Despite Regulatory Clarity, AML Errors Persist in Mortgage Lending

BLOG VIEW: The U.S. Department of the Treasury, through the Financial Crimes Enforcement Network (FinCEN), issued a final rule in February 2012 requiring nonbank...
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Senate Confirms Trump’s Nomination for FHA Commissioner

Today, by a vote of 74-23, the U.S. Senate confirmed President Donald Trump’s nomination of Brian D. Montgomery to serve as assistant secretary of...

Congress Chips Away at Dodd-Frank

A House vote on Tuesday has cleared the path for a repeal of some of the most demanding parts of the Dodd-Frank Act, which...

John Vong: TRID 2.0 Will Require Significant Revisions to Existing Software

PERSON OF THE WEEK: Despite the recent turmoil in the leadership ranks of the Consumer Financial Protection Bureau (CFPB) and the ongoing possibility of...

Freddie Mac Hires John Krenitsky as SVP and Chief Compliance Officer

John Krenitsky has joined Freddie Mac as senior vice president and chief compliance officer. Krenitsky has more than two decades of experience in the global...

Christina Hardin: Improve Vendor Management through Data-Driven Decisions

PERSON OF THE WEEK: Vendor management has become a strong focus for mortgage lenders in recent years, due mainly to new regulations from the...

Karl Dahlgren: Regulatory Training Requires Holistic Approach

PERSON OF THE WEEK: Karl Dahlgren is managing director of BAI, a nonprofit independent organization that helps financial services leaders make smart business decisions. The...

Cloudvirga Delivers Single-Click, Dual-AUS Submission of Loan Data

Mortgage point-of-sale (POS) software provider Cloudvirga recently launched single-click submission of loan data to Freddie Mac’s and Fannie Mae’s automated underwriting systems. The dual-AUS submission...

Make Way for Freddie Mac Changes to Investor Reporting

BLOG VIEW: In February 2017, Fannie Mae implemented a set of changes to investor reporting to satisfy new regulations set out by the Federal...

ARMCO Launches Resource for Tracking Mortgage Regulations

Risk mitigation and compliance solutions provider ACES Risk Management (ARMCO) recently launched The Compliance NewsHub, a free searchable online resource for regulation-related news and information. The Compliance...

IDS: Mortgage Lenders Should Address UCD Warnings Prior to June Deadline

Mortgage document preparation vendor International Document Services Inc. (IDS), is advising all lenders to begin troubleshooting warnings from Fannie Mae and Freddie Mac’s Uniform...

Digital Due Diligence Beats Challenges of Adhering to the Dodd-Frank Act

Automation and AI will revolutionize the due diligence industry, allowing 100% of all loans to be audited and graded in much shorter periods of time.

Promontory MortgagePath Announces Key Executive Hires

Colgate Selden has joined Promontory MortgagePath, a provider of next-generation mortgage technology and loan fulfillment services, as chief compliance officer. In addition, Scott Doughty and...

Inlanta Mortgage Using LBA Ware’s CompenSafe to Automate LO Compensation

Wisconsin-based Inlanta Mortgage is using LBA Ware’s CompenSafe automated compensation calculation platform integrated with LendingQB’s cloud-based loan origination solution (LOS) to leverage real-time loan...

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