Join MetaSource in Chicago for MBA’s Risk Management, QA and Fraud Prevention Forum
Solutions for mortgage fraud prevention and quality control are a good investment in any economy.
Standardizing Lending Examination Formats (LEF)
Conference of State Bank Supervisors (CSBS) is currently sponsoring an initiative to standardize Lending Examination Formats (LEF) for depository and non-depository institutions for both state and federal supervised entities. What is Lending Examination Format (LEF)? Lending Examination Format (LEF) is the industry data standard for the e-exam process. It was developed by ComplianceEase and adopted…
MERS QA 2018 Challenges: Poorly Documented Default Triggers and Turnover
The documentation of default triggers for foreclosures and bankruptcies, subservicer compliance, and turnover among staff with MERS responsibilities were among the top challenges for MERS QA in 2018, according to a MetaSource analysis of its third-party audits for compliance with MERS® quality assurance guidelines. The audits include a thorough review of a MERS member’s operational…
New MERS Reconciliation Feature Allows Instant Updates
For too many servicers, reconciling mortgage data for MERS eQA requirements is a job they have come to dread. With so much information to be reconciled across a thicket of often mismatched fields, it can be tempting to put off those monthly or quarterly tasks and assume you’ll get to it by the end of…
Product Development Director Has a Passion for Streamlining Mortgage Processes
At MetaSource, we are committed to providing the technology and expertise that makes things easier for our clients in the mortgage industry. Nowhere is that commitment stronger than in the work of our product development team members, who are tireless in their efforts to find an easier way to do just about everything. This month,…
Join MetaSource at the MBA Technology Solutions Conference 2019
Panelists at the MBA Technology Solutions Conference and Expo last year zeroed in on three issues driving the industry’s embrace of technology: the effort to lower origination costs, the need for a better way to validate income and consumer demands for an improved borrower experience. This year, a tight market and increasing disruption from the…
Join MetaSource at the MBA National Mortgage Servicing Conference 2019
When thousands of mortgage servicers gather in Orlando later this month for the MBA National Mortgage Servicing Conference & Expo, they will tackle challenges ranging from economic conditions to weather. The event in Orlando, Feb. 25-28, will include workshops and sessions on things like state mortgage servicing rules and borrower retention. Servicers continue to face…
Top 15 Mortgage QC Findings for 2018
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…
Join MetaSource at the MBA Independent Mortgage Bankers Conference
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…