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New Whitepaper: Mortgage Servicing Workflow Best Practices
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New Whitepaper: Mortgage Servicing Workflow Best Practices

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,…

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Top 10 Mortgage QC TRID Findings for 2016

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,…

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E-Mortgage QC Audit Implications

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”…

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4506-T Income Verification Form Update: Important

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…

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Important TRID Update: Rules Revisit Coming

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…

HousingWire Names MetaSource to the Tech100
Titan Lenders Corp. Joins MetaSource
New Whitepaper: Pre-Fund Mortgage QC Best Practices
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New Whitepaper: Pre-Fund Mortgage QC Best Practices

By now, everyone in the mortgage industry knows about the 10% random, post-close quality control (QC) audit requirements of Fannie Mae, Freddie Mac and the FHA/HUD. See our whitepaper to learn about post-close audit QC best practices. However, many mortgage lenders are not familiar with pre-funding QC, which increases the chances of non-compliance penalties being…