The top 15 mortgage quality control issues in 2018, as compiled from tens of thousands of post-close QC audits that we performed over the past year, show lenders still struggling to consistently comply with enhanced disclosure requirements instituted by the Consumer Financial Protection Bureau (CFPB) in 2016. In the third full year of the new…
The challenges facing non-bank mortgage lenders in 2019 include an uncertain economic environment and the certainty of increasing scrutiny. Fewer originations and low refinance volumes have stoked conversations around liquidity and strategies for increasing efficiency when margins are tight. Against that backdrop, independent mortgage lenders will gather for the Mortgage Bankers Association’s annual Independent Mortgage…
MetaSource, a leading provider of mortgage quality control services and technology, has been accepted to the Standard & Poor’s (S&P) list of reviewed firms that conduct third-party due diligence for U.S. residential mortgage-backed securities. MetaSource is one of only a small group of firms that met the assessment factors that are part of S&P’s increasingly…