MetaSource Mortgage Blog

MCA Mortgage Compliance Update October 2014

Wednesday, October 01, 2014

New MERS System Procedures Manual becomes effective October 13th

Are you in compliance with MERS QA standards?

New MERS System Procedures Manual takes effect October 13, 2014 and annual re-certifications are due soon for 2015.  To learn more about the changes to MERS policies and procedures as well as MERS QA standards and plan requirements, register today for our upcoming webinar.

Title: How to Comply: 2014 MERS QC Audits
Date: Friday, October 17, 2014
Time: 1:00 PM – 2:00 PM MDT

Compliance Updates

  • October 2 – VA announced policy changes affecting value adjustments and interior photographs. Allregs.com
  • September 30 – Fannie Mae updates information regarding assets and rental income as well as other changes to the Fannie Mae Selling Guide. FannieMae.com
  • September 29 – CFPB took action against Flagstar Bank for violating new mortgage servicing rules. Consumerfinance.gov

Industry Events

Meet with MCA at the Following Events:

October 19-22, 2014
MBA's Annual Convention & Expo 2014
Las Vegas, NV

Come see us in the MetaSource / MCA booth #925 or email us to schedule an appointment so we can show you all of the new products and services we have to offer and discuss your specific compliance needs!

October 20-21, 2014
FHLB's 2014 Reach New Heights Member Conference
Des Moines, IA

December 3-5, 2014
MBA's Independent Mortgage Banker’s Conference
San Diego, CA

Contact Mortgage Compliance Advisors for more information

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