Career Opportunity for Unemployed LOs
Loan originators that have recently been displaced as a result of declining refinance production could find success in another sector of the mortgage industry.
Dodd Frank Compliance Guide
A new guide aims to help mortgage lenders comply with an array of new rules emanating from the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
Uniform State Licensing Tests in Effect
Mortgage loan originators in 20 states won't necessarily need to take multiple state licensing tests when obtaining multiple state licenses as a result of a new uniform test.
Uniform SAFE Test for LOs Ahead
A national uniform test for loan originators to meet the requirements of the Secure and Fair Enforcement for Mortgage Licensing Act will replace state-specific tests required in two dozen states.
NMLS Deadline Fast Approaching
Time is quickly running out for loan originators to meet the renewal requirements for the Nationwide Mortgage Licensing System.
Offerings Target Distressed Loans
Mortgage servicers wading through a sea of distressed loans are being courted by default service providers that promise to assist with foreclosure documentation, property preservation and other aspects of servicing delinquent mortgages. Some of the offerings help mortgage firms manage the multitude of vendors involved in distressed servicing. One of the services targets vendor education, while another focuses on compliance with Federal Housing Administration requirements.
BPO Fee Up for Vote in NC
The North Carolina Association of Realtors is sponsoring Senate Bill 521, which would allow real estate brokers in the state to perform broker price opinions for a fee. The legislation would cut valuation costs on some transaction types, but it would also cut into the business of real estate appraisers.
Quicken Recruiting in Detroit
Quicken Loans Inc. is bringing on 800 people. But there is a catch to some of the additions.
FHA Awards Training Contract
The Federal Housing Administration has awarded a national contract to provide free technical assistance training to FHA mortgagees. A survey of thousands of FHA lenders is being used to help determine the content and delivery method of the courses.
Lower FHA Limits Won't Hurt Low End Market
A new university study found that the upcoming expiration of temporarily higher loan limits on government-insured mortgages won't have a negative impact on low- and moderate-income borrowers.