Compliance Tech Addresses HMDA, TRID and QC
Mortgage service providers are helping home lenders with quality control and complying with the Home Mortgage Disclosure Act and the TILA-RESPA Integrated disclosures. One product is targeting California per-diem restrictions, while another addresses New York's new security requirements.
HMDA Compliance Among LOS Enhancements
Innovations in loan origination systems include a new interview platform, compliance with changes to Home Mortgage Disclosure Act reporting requirements and lots of new integrations.
Appeals Court Finds CFPB is Constitutional
A federal appeals court has ruled in a closely followed case that the Consumer Financial Protection Bureau's structure is constitutional.
5 Mortgage Firms Recognized Among Best Employers
The latest rankings of best employers are in, and five mortgage organizations made the cut. Also among firms recognized was a compliance service provider and a trade group.
HMDA Tools Available Online
Three new tools that are part of the online platform for reporting data required by the Home Mortgage Disclosure Act are now available.
CFPB Eases New HMDA Requirements
New requirements for reporting loan activity under the Home Mortgage Disclosure Act have been somewhat relaxed by the Consumer Financial Protection Bureau.
Calif Hits Another Lender for Interest Overcharges
For the second time this month, a mortgage lender has agreed to settle allegations by the Golden State of illegal interest charges. The latest settlement also resolves charges of unlicensed servicing.
Service Providers Help With Mortgage Compliance
A regulator is helping lenders prepare for upcoming changes to Home Mortgage Disclosure Act reporting. Two mortgage firms are utilizing service providers to help them with quality control.
Nationstar Settles Alleged Interest Overcharges
Nationstar Mortgage LLC has agreed to a more than $9 million settlement that resolves allegations it overcharged borrowers for interest and collected illegal fees.
CFPB Approves Redesigned Mortgage Application
A redesigned mortgage application first unveiled last year by the government-sponsored enterprises has received a safe-harbor blessing from the Consumer Financial Protection Bureau.