QM Compliance Service Providers Out in Force
Mortgage lenders have a treasure trove of resources when it comes to maintaining compliance with the Consumer Financial Protection Bureau's Qualified Mortgage and Ability to Repay rules.
QM M.I. Webinar
A webinar is being held to educate lenders about the new Qualified Mortgage rule and how it applies to mortgage insurance.
Carrington Recruiting Branches
Carrington Mortgage Services LLC is recruiting existing mortgage branches in an effort to boost next year's home loan originations. New recruits are promised strong marketing support.
NMLS Webinar to Cover Making Changes to License Info
Two upcoming webinars being hosted by the Nationwide Mortgage Licensing System will help mortgage firms meet state requirements when making changes to their license information.
QA Webinar From Fannie
Seller/servicers for the Federal National Mortgage Association can attend a free online webinar about the system that handles quality assurance reviews and resulting repurchase demands.
Risks, Benefits of Broker-to-Correspondent Conversion
Mortgage brokers that transition to a correspondent lender can earn more, close more quickly and improve their image. But there is a cost to making the conversion. One of the most difficult steps in the process is securing a warehouse line.
Closer Look at Proposed LO Compensation Rule
The Consumer Finance Protection Bureau's current proposal for loan originator compensation, while clarifying many aspects of the current rule, also could lead to violations of some state laws, or even Internal Revenue Service codes, according to a recent online event on the subject. The deadline for public comments on the proposal is Tuesday.
Army of HARP 2.0 Service Providers
Mortgage originators targeting refinance prospects for the enhanced Home Affordable Refinance Program can get help identifying prospects, managing capacity issues and complying with program requirements. A wholesale lender is hosting a HARP 2.0 webinar this week, while another company has developed a video for loan prospects.
NMLS Reporting Webinar
Mortgage licensees are getting help with completing required reports through an educational webinar.
Fair Lending Actions Expected to Grow
Two high-profile discrimination lawsuits were recently settled, and experts predict that more such actions are ahead. But there are steps that mortgage firms can take to avoid the costly repercussions from related regulatory actions and litigation.