On Thursday, April 28, the Consumer Financial Protection Bureau (CFPB) issued a letter to mortgage industry trade groups regarding TRID compliance and the “Know Before You Owe” rule as a result of feedback received before and during the recent 2016 Mortgage Bankers Association (MBA) conference. CFPB TRID Comments Here is an excerpt from the CFPB…
MetaSource has made the Tech100 for 2016 in recognition of our QLink mortgage QC and audit software.
MERS QA, trade and servicing transaction management expert adds depth to MetaSource’s portfolio of mortgage compliance QC audits and other solutions.
The 33rd Annual Regional Conference of MBA MetaSource will once again be at the Annual Regional Conference of Mortgage Bankers Association at Harrah’s Waterfront Conference Center in Atlantic City, NJ from March 13-17. Stop by booth #704 to see how MetaSource can ensure the accuracy, completeness and compliance of loans, so you can concentrate on…
Having performed tens of thousands of mortgage compliance audits through the years, we get asked about the most common problems in the pre-fund, post-close, servicing, and MERS audits we perform. With 2015 firmly in the books, the jury is in: here are the Top 20 defects for moderate and significant findings that we identified as…
Randomly auditing 10% of your mortgages on a post-close basis is required by Fannie Mae, Freddie Mac and the FHA/HUD. If this is news to you, you need to contact us immediately… What is news to many lenders is how implementing document-related best practices reduce post-close quality control (QC) findings, minimize non-compliance fines, slash operating…
Attention Mortgage Servicers: visit us at the National Mortgage Servicing Conference & Expo 2016 in booth #315 Mortgage Servicing Quality Control Auditing Servicers know they need to meet QC audit requirements to do business with Fannie Mae, Freddie Mac, FHA, Ginnie Mae, and the Veterans Administration (VA). You also know that failure to comply can…
There has recently been some ambiguity regarding the timing of mortgage quality control (QC) that needs to be part of any mortgage originator’s mortgage QC plan with FHA and Fannie Mae. FHA QC Timing Response Previous to the implementation of the new FHA 4000.1 Handbook, FHA’s QC timing requirement was to have your initial audit…
Learn how outsourcing mortgage compliance audits to MetaSource First Colony’s cost by 15% every year.