MetaSource Mortgage Blog

MCA Monthly Compliance Update May 2014

Tuesday, May 13, 2014

Welcome to the MetaSource Mortgage 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 Spotlights

Last chance – register for our webinar now! When was the last time you updated your QC Plan? If it was 2013 or earlier, it’s likely your QC Plan is non-compliant. Have you reviewed your plan and measured it comparatively to industry and agency standards and requirements? Well, it’s time as new rules and requirements are now in effect.

Join MetaSource Mortgage for an information-packed webinar in which you will learn how to complete a compliant and updated QC Plan.

Compliance Updates

  • May 9 – Fannie Mae provides new and updated policies regarding lender-placed insurance compliance certification and servicing transfers. FannieMae.com
  • May 7 – Department of Veterans Affairs (VA) clarifies minimum requirements for VA home loan fees. VA.gov 
  • April 29 – HUD provides guidance for non-profit organizations assisting in a government entity’s secondary financing program. HUD.gov 
  • April 24 – Freddie Mac updates and revises its selling and servicing requirements which includes borrower rent loss insurance and more. FreddieMac.com

Industry Events

May 15, 2014
How To Comply: 2014 QC Plan Requirements
Webinar Session

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

June 25-27, 2014
MBA Strategic Markets and Diversity Conference
Washington, DC

Contact us to learn more about mortgage compliance updates 

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