Tag Archive for: compliance

Understanding Compliance in the Mortgage Industry

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For many people, buying a home is the most important financial decision of their lives. It can also be one of the most confusing processes to navigate. One aspect that often causes confusion is understanding compliance in the mortgage industry. What is it? How does it impact homebuyers? In this blog post, we’ll answer these questions and more as we explore mortgage compliance and its role in the mortgage industry.Read More

New “URLA” (Loan Application) & Why It Matters; Compliance, Salability & Delays

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The new URLA is not saving any time for lenders now though because of the compliance risks – which is always the primary issue whenever Fannie, Freddie and/or regulators make major changes like this.Read More

“1% Closing Cost Credit Referral” How’s It Work? Compliant? No Free Lunch

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One of America’s largest mortgage banks is offering a “1% closing cost credit referral” to real estate agents. The below paragraph was copied directly from an email that the lender […]Read More

Why Mortgage Compliance is So Important?

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Mortgage compliance safeguards clients, prevents hefty fines, and ensures loans can be sold on the secondary market—key reasons behind the paperwork and timelines in real estate transactions.Read More