Legal Compliance as a Competitive Advantage
There is no question that the compliance, legal, risk, quality and similar departments (referred to as “compliance” for rest of article) within financial institutions have historically operated as cost centers, rather than drivers of beneficial change or a real...TRID 2.0 Readiness
Back in the summer of 2017, federal regulators finalized a significant set of updates to the TILA-RESPA Integrated Disclosure (TRID) rules. While this regulation has been updated many times, this update was so significant that many industry folks refer to it as “TRID...Appraisal Fee Changes and Tolerance Credits: What to Do When There’s a Moat
This is a tip that might save some residential mortgage lenders a few bucks in tolerance credits. An issue that’s been coming up and causing debates among the industry, basically since the TILA-RESPA Integrated Disclosures first came out, is when a change in the...Low Loan Amounts and Fair Lending
The cost to originate a residential mortgage loan has only increased over the years. Some of these costs are variable with the loan amount; a common example is loan officer compensation. But many of those costs are not; there are certain fixed costs that a lender will...This Week’s Paper: Digital Edition
