ARMCO Hires Mike Ehring as Senior Director of Business Development
Mike Ehring recently joined ARMCO, a provider of risk mitigation solutions to the mortgage industry, as senior director of business development.
Ehring has more than...
DocMagic Now Integrated with LendingPad
DocMagic, offering document preparation, regulatory compliance and e-mortgage services to mortgage lenders, reports that its platform is now integrated with the LendingPad loan origination system (LOS) from WEI Technology.
The...
LoanLogics Hires Elizabeth Green, Paul Vancheri For Key Executive Roles
Elizabeth Green, a 25-year veteran leader in the mortgage software and valuation sectors, has joined loan quality technology firm LoanLogics as chief collateral officer.
In...
CFPB Fines Freedom Mortgage for HMDA Violations
Freedom Mortgage will pay a $1.75 million fine and must take steps to improve its compliance in order to settle allegations by the Consumer...
MQMR Hires Jeff Christensen as VP of Sales
Jeff Christensen recently joined mortgage compliance consultancy Mortgage Quality Management and Research (MQMR) as vice president of sales.
Christensen has more than 10 years of...
CFPB Settles with BSI Financial Services Over RESPA, TILA Violations
Mortgage servicer BSI Financial Services will pay a penalty of $200,000 and restitution to borrowers of at least $36,500 to settle allegations from the...
Multiple Staff Appointments at the FHFA
Christopher L. Bosland has joined the Federal Housing Finance Agency (FHFA) as senior advisor for regulatory affairs while Meghan C. Patenaude has joined as...
CFPB Gearing Up to Further Relax HMDA and Possibly Other Rules
The Consumer Financial Protection Bureau (CFPB) plans to further relax its Home Mortgage Disclosure Act (HMDA) rules and may be making additional rule changes...
ComplianceAnalyzer Now Integrated with LendingPad
ComplianceEase, a provider of mortgage compliance software, recently announced that its ComplianceAnalyzer solution is now integrated with with LendingPad, a cloud-based loan origination system...
FHA Proposing Significant Changes to its Lender Certification Requirements
The Federal Housing Administration (FHA) is proposing several revisions to its lender certification requirements with the goal of providing lenders and servicers greater certainty...
MetaSource Report Reveals Weak Points in Servicers’ MERS Compliance
Mortgage servicers are sometimes failing to adequately document the reasons behind a decision to move forward with a default for bankruptcy or foreclosure, the...
Trump Directs Treasury, HUD to Enact Housing Finance Reform
President Trump has signed a presidential memorandum directing the Treasury Department and U.S. Department of Housing and Urban Development, along with other government agencies...
LoanLogics and VirPack Aim to Speed Loan Document Recognition and QC
LoanLogics, offering loan quality technology for mortgage manufacturing and loan acquisition, is now integrated with VirPack, a provider of virtual document management and file...
ComplianceEase Hires One, Promotes Another on its Executive Team
Sheila Meagher has joined ComplianceEase, a provider of automated compliance solutions, as senior vice president of sales and client success.
In addition, Dan Smith -...
ComplianceEase Taps Michael Jackman as CEO
Michael Jackman is the new CEO of ComplianceEase, provider of automated compliance solutions, replacing Anita Kwan, co-founder and CEO, who is retiring.
In addition, John...
Wipro Teams With ComplianceEase to Offer Per-Closed-Loan Pricing
ComplianceEase, a provider of automated compliance solutions to the financial services industry, has expanded its partnership with Wipro Gallagher Solutions (WGS), a Wipro Limited...
HomeStreet Bank Seeks to (Mostly) Exit the Mortgage Business
Citing that “it is still unclear when, and to what extent, industry conditions will improve," as well as an overly burdensome regulatory environment, HomeStreet...
OIG Report Finds that Former FHFA Director Watt Acted Inappropriately
An investigation by the Office of the Inspector General (OIG) for the Federal Housing Finance Agency (FHFA) into allegations of sexual harassment against former...
Mortgage Lending Outlook: What’s in Store for 2019
As the U.S. economy continued to strengthen throughout 2018, mortgage companies increasingly faced challenges related to rising interest rates, a shrinking housing inventory and...
Trump Administration Pushing for GSE Reform
Housing finance reform may soon be back on the table in Congress, as Senate Banking Committee Chairman Mike Crapo (R-Idaho) on Friday released a rough...