If you choose to perform a portion or all of your pre-fund mortgage quality control (QC) audits in house, QReview is a powerful new tool to use for completing them rapidly, especially if you are using spreadsheets or home grown software to track pre-fund data today. What Is QReview? QReview is web-based audit software that…
MetaSource Mortgage will once again exhibit at the annual Mortgage Bankers Association (MBA) national conference and expo at the Hynes Convention Center from October 23-26. Stop by to see how MetaSource Mortgage can ensure the accuracy, completeness and compliance of your loans, so that you can concentrate on the core of your business. Specifically, you…
The new MetaSource Mortgage website illustrates the synergy between MetaSource workflow automation and our acquisitions of Mortgage Compliance Advisors and Titan Lenders Corp.
MetaSource Mortgage will exhibit at the Risk Management, QA & Fraud Prevention Forum 2016 that is hosted by the Mortgage Bankers Association (MBA) from September 28-30 in Los Angeles. Stop by booth #18 to see how MetaSource Mortgage can ensure the accuracy, completeness and compliance of your loans, so that you can concentrate on the…
In a recent National Mortgage News survey, the three pain points most often identified by servicing executives as highly challenging include the following: Moving mortgage data from loan origination to servicing systems (21%) Archiving and auditing for compliance and customer contact (20%) On-boarding new loans or acquired portfolios (17%) Whitepaper Highlights Our whitepaper, Mortgage Servicing,…
Now that TRID has been in effect since October 3, 2015 (with the grace period for enforcement having ended in March 2016), we now have over six months of data on findings based on the pre-fund and post-close quality control (QC) audits that we perform. Overall Findings Because of the new formatting required by TRID,…
Thanks to Quicken Loan’s relentless advertising, including a Super Bowl ad, everyone seems to have heard of the “emortgage” and demand is rising as a result. Ironically, the emortgage has been around for 15 years but has been slow to be adopted in this paper-intensive industry. However, just as how Microsoft’s promotion of “The Cloud”…
There is a new requirement on the 4506-T Request for Transcript of Tax Return: the new form now includes a checkbox in the signature section that must be completed to generate a tax transcript. Remember to Check the Box! The new forms were required after March 1, 2016, so we want to make sure that…
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…