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...
National Title Underwriter Stewart Now Using Pavaso’s Technology to Deliver Digital Closings
National title underwriter Stewart and e-mortgage technology developer Pavaso Inc. are partnering to promote and deliver a fully digital mortgage closing process.
The partnership will...
Pam Perdue: Unified Compliance Management Systems Will Transform Mortgage Operations
PERSON OF THE WEEK: New rules from the Consumer Financial Protection Bureau (CFPB) require that all mortgage lenders maintain compliance management systems (CMS) -...
CoreLogic’s LoanSafe Risk Manager Now Integrated with INTEGRA Software Systems’ LOS
CoreLogic’s LoanSafe Risk Manager Suite is now integrated with INTEGRA Software Systems’ legacy Destiny loan origination system (LOS) and INTEGRA’s next generation, Web-based EPIC...
House Approves TRID Improvement Act
The House of Representatives today voted 271 to 145 to approve the TRID (TILA-RESPA Integrated Disclosure) Improvement Act of 2017 (H.R. 3978), which would...
Getting the Most Out of Your Regulatory Training
As regulations for the mortgage industry continue to evolve, leaders should carefully invest in the most meaningful training courses for their staff.
Steve Butler: HMDA Not the Only Compliance Concern For Mortgage Lenders in 2018
Although lenders might not need to worry as much about enforcement of the new HMDA rules, they have plenty of other compliance matters to be concerned about.
ComplianceAnalyzer Now Validates California’s Per Diem Interest Calculations
ComplianceEase reports that its compliance management platform, ComplianceAnalyzer with TRID Monitor, can now test TRID, RESPA 2010 and pre-2010 forms to validate California’s per...
DocMagic Reaches Milestone: 300 Million Mortgage E-Signings
DocMagic Inc., a provider of loan document preparation, regulatory compliance and e-mortgage services, recently hit a significant milestone: more than 300 million mortgage-related electronic...