MetaSource Mortgage Blog

Mortgage Compliance QC Update: January 2014

Monday, January 20, 2014

Welcome to our monthly mortgage compliance quality control 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.

Compliance Updates

January 10 – HUD develops an informative brochure for delinquent mortgagors. Brochure features tips on how to avoid foreclosure. HUD.gov

January 9 – Department of Veterans Affairs clarifies lender requirements and compliance with the CFPB’s Ability To Repay and Qualified Mortgage Rule. VA.gov

January 8 – Fannie Mae reminds servicers of the requirement to obtain property valuation, for mortgage loan modifications, using APS or AVM. FannieMae.com

January 8 – Fannie Mae provides advance notice to servicers regarding changes to the LPS Invoice Management (IM) system. FannieMae.com

To see all the latest mortgage compliance news and updates, visit our News & Resources page.

Industry Events

February 18-21, 2014
National Mortgage Servicing Conference & Expo
Orlando, FL

March 18-21, 2014
National Technology in Mortgage Banking Conference & Expo
Los Angeles, CA

May 18-21, 2014
National Secondary Market Conference & Expo
New York, NY

Contact us to learn more about mortgage compliance QC and audit updates

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