05.17.18

April 2018 Loan Document Compliance Roundup: Get a Grip on TRID 2.0

Ask most lenders their number one headache, and the answer is usually keeping up with compliance changes. Compliance requirements take many forms – ensuring fair lending, accurate reporting on loan activity and maintaining documents that are clear and up-to-date with all federal, state and investor guidelines are just a few of the details that must be managed daily. 

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05.10.18

Above and Beyond the Law: How to Maintain Loan Document Compliance in the Secondary Market

In mortgage lending, just following the requirements of regulatory agencies and the law is often not enough.

Faced with ambiguous language and constantly shifting revisions and interpretations of key regulations, many investors adopt a more conservative approach to compliance. This requires lenders looking to sell their loans on the secondary market to not only comply with the law but to also understand and follow the additional standards investors require when purchasing mortgages.

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05.03.18

Managing Compliance Risk for Consumer Lending Documents

In a previous post, we pointed to the significant increase in consumer lending that we’ve seen over the past 12 months. While mortgage lenders typically don’t pay much attention to these lower balance, non-collateralized personal loans, they represent a promising growth area for financial institutions.

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04.27.18

Mortgage Industry Revving Up Digital Mortgage Innovation in the Motor City

Motor City revved up a different type of engine last week as lenders and vendors roared into Detroit to debate, explore, and test out the latest innovations driving the mortgage industry at the 2018 Mortgage Bankers Association’s Technology Solutions Conference and Expo. Across the many sessions and meetings, three major themes dominated the show: customer experience, digital mortgage, and data security

 

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04.19.18

Unravel the Jargon: What is a True “End-to-End” Loan Document Platform?

Any lender seeking a new technology partner has to wade through a river of nearly useless buzzwords. The cloud. AI. eMortgage. Blockchain. End-to-End.

They all have strong business cases, but too many companies just throw the words out there hoping to get their voice heard amongst companies seeking the newest offerings. Without substance, though, these bits of jargon mean nothing.

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03.29.18

Good News: Consumer Lending is on the Rise

What does a healthy loan portfolio look like? Much like financial advisors counsel investors to diversify their personal investments, banks and credit unions must follow the same advice. Relying too heavily on one loan product puts the institution at risk and leaves valuable growth opportunities for someone else to grab.

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03.22.18

Investing Back into Your Home with HELOC

Spring is around the corner, and for many homeowners, it’s time to shake off the winter doldrums and freshen up the home. Often, this means tackling a major remodeling project – possibly a new bathroom, updated kitchen or that dream landscaping project. As the economy remains strong, the appetite for remodeling is growing quickly. The Joint Center for Housing Studies of Harvard University’s Leading Indicator of Remodeling Activity (LIRA) projects that homeowner spending on improvements and repairs will approach $340 billion in 2018, an increase of 7.5 percent from estimated 2017 spending.

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