Denis Brosnan: Disaster Relief Strategies for Mortgage Servicers
PERSON OF THE WEEK: The hurricanes and wildfires of 2018 are stark reminders that U.S. residential properties are at increasing risk of natural disasters...
Opus Capital Markets Consultants Now Using ComplianceEase
Mortgage due diligence firm Opus Capital Markets Consultants is now using ComplianceEase to perform real-time, loan-level audits on loan pools that it reviews for...
LBA Ware’s CompenSafe Integrated with SimpleNexus
LBA Ware, a provider of automated compensation and sales performance management software for mortgage lenders, has completed a partial integration of its compensation platform, CompenSafe, with SimpleNexus’s enterprise digital mortgage solution.
As...
Vendorly Teams with Shared Assessments to License SIG Questionnaire
Vendorly, which offers a vendor oversight platform, is collaborating with Shared Assessments, a trusted source in third-party risk management, to license the Standardized Information...
Closing Disclosure Still a Top QC Pain Point for Mortgage Lenders in 2018
So what was the top pain point for mortgage originators, in terms of regulatory compliance, for 2018?
According to a survey from MetaSource, the Closing...
Maxwell Adds Disclosure Management Platform
Mortgage software provider Maxwell has released a new disclosure management platform that enables borrowers to securely access, review and sign loan disclosure documents directly...
Indisoft Hires Dennis Forget as VP of Business Development
Dennis Forget has joined Indisoft, a global provider of technology solutions for the financial services industry, as vice president of business development.
Forget has more...
LoanLogics Hires David Parker as SVP of Product Development
David Parker has joined LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, as senior vice president of product management.
Parker...
Trump Picks Calabria to Head Federal Housing Finance Agency
President Donald Trump on Tuesday announced his intent to nominate Mark Calabria - who currently serves as chief economist for Vice President Mike Pence...
Senate Approves Kathy Kraninger as Director of BCFP
By a narrow margin, the Senate on Thursday approved Kathleen Kraninger as the next director at the Bureau of Consumer and Financial Protection.
Kraninger will...
Testing of New Common Security for GSEs Now Underway
The Federal Housing Finance Agency (FHFA) reports that it is making progress with its plan to develop a single common security for government-sponsored enterprises...
Mortgage Document Prep Firm IDS Promotes Two
Clint Salisbury has been promoted to the sales and marketing team and Travis Carroll has been promoted to head the implementation department at International...
The Calm After the Storm: Regulatory Relief in the Wake of HMDA
At the time mandatory HMDA compliance took effect in January, the number of required data fields more than doubled from 44 to 110.
QuestSoft’s Compliance EAGLE Now Integrated with LendingQB
QuestSoft’s compliance software is now integrated with LendingQB’s loan origination system, making it easier for lenders using the system to run various compliance checks...
ComplianceEase Hires Sanjay Tibrewal as VP of Product Management
Sanjay Tibrewal has joined ComplianceEase, a provider of automated compliance solutions to the mortgage industry, as vice president of product management.
Tibrewal has more than...
PromonTech Debuts New, AI-Driven Income Engine For Mortgage Underwriting
PromonTech, a provider of next-generation mortgage technology, has introduced a new income engine, Income AI, that leverages augmented intelligence to learn from underwriters, resulting...
Verus Mortgage Capital Announces Largest Non-QM RMBS Transaction in a Decade
Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor lending solutions, reports that it has completed its sixth rated RMBS...
Maria Moskver: FHFA’s Preferred Language Rule Needs Better Translation
PERSON OF THE WEEK: Last year the the Federal Housing Finance Agency (FHFA) passed its Preferred Language Rule which requires mortgage lenders to add a preferred language...
HUD Says Facebook’s Advertising Platform Enables Housing Discrimination
Facebook is under investigation for allegedly enabling housing discrimination.
According to a complaint filed by the U.S. Department of Housing and Urban Development (HUD), certain...
Citigroup Fined $8.6 Million For Improperly Handling Mortgage Documents
Citigroup has been fined $8.6 million by the Federal Reserve Board for improper execution of residential mortgage-related documents.
The $8.6 million penalty addresses the deficient...