MetaSource Mortgage Blog

MCA Monthly Compliance Update – January 2013

Thursday, February 28, 2013

Welcome to the MCA Monthly Compliance Update. To help you stay compliant and up-to-date, our newsletters contain mortgage compliance tips and updates. We hope that you find the content informative and useful. As always, your feedback is appreciated.

Service Spotlight

Pre-Fund QC provides the ability to find issues of non-compliance prior to closing, and allows the time to correct those issues before funding. MCA provides pre-fund reviews to help reduce errors, minimize overall risk, and guarantee loan quality. This month, MCA features exclusive information and tips in its white paper on compliance and pre-funding QC. Read Here

Compliance Updates

  • Jan. 11 – Department of Veterans Affairs (VA) clarifies procedures for non-Lender Appraisal Processing Program (LAPP) lenders. VA.gov
  • Jan. 4 – Department of Veterans Affairs (VA) announces new security procedures to ensure continuous safeguards are being followed in the Veterans Information Portal (VIP). VA.gov
  • Jan. 1 – Freddie Mac announces insurance changes published in Chapter 31 effective January 1, 2013. FreddieMac.com

    Events

    February 3-6, 2013
    Multifamily Housing Convention & Expo
    San Diego, CA

    February 19-22, 2013
    National Mortgage Servicing Conference & Expo
    Dallas, TX

    March 6-9, 2013
    Mid-Winter Housing Finance Conference
    Avon, CO

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