Now that Thanksgiving is over, few things strike fear into the hearts of the mortgage industry more than the Consumer Financial Protection Bureau (CFPB) and the new TILA-RESPA Integrated Disclosure (TRID) rules that went into effect on October 3, 2015. While the grace period for enforcement may extend into the new year—many expect March 2016,…
See how submitting revisions to your mortgage audit quality control findings is quick and easy with our mortgage QC software QLink’s Self-Revision capability.
With all the cyber-attacks and security breaches in companies, in the US government, even in cars, security should be the top priority for all companies and their mortgage quality control compliance partners. In today’s world it is not enough to just depend on SFTP for secure mortgage document submissions. The only defense you have from…
While many mortgage loan originators are focused on upcoming TRID rules that go into effect in October 2015, many are unaware of important changes to the Mortgage Electronic Registration System (MERS) rules of membership that include penalties for not adhering to their mortgage registration and transfer requirements. Registration & Transfer Requirements As has been the…
Ginnie Mae has now launched the new Issuer Operational Performance Profile (IOPP) tool. The new tool provides issuers with a framework and methodology that can be used to gauge their effectiveness against Ginnie Mae’s expectations for for Issuer performance. The IOPP “scorecard” will provide a method to measure an Issuer’s operational performance against peers. “The…
New TILA-RESPA integrated disclosure rules (TRID) are tricky to condense because the rule runs almost 2,000 pages. However, that is why you turn to MCA. In this blog post, we will explain what TRID replaces in a loan file and what you should do about it. Loan Types Affected TRID is pursuant to the Dodd–Frank…
Mortgage Compliance Advisors (MCA) announced today that it has incorporated the Fannie Mae Loan Defect Categories into their mortgage quality control audits. To see the full article, click here. Contact us to learn more about Fannie Mae Loan Defect Categories and mortgage quality control audits
The CFPB’s latest version of Loan Originator Compensation rule took effect on January 1, 2014 and although the rule seemed fairly straightforward—citing “no compensation based on loan terms,” lenders are still facing a dilemma today on how they can and cannot appropriately pay their loan officers or brokers on mortgage loan transactions. This article tries…
MetaSource announced today that it has acquired Mortgage Compliance Advisors (MCA) to further expand its compliance and workflow automation services for the mortgage industry.