‘Twas just after new year and each lender take care,
To ensure all your customers are treated quite fair.
ATR and QM are the laws of the land,
And CFPB rules with an iron hand.
Compliance and Quality are now center stage,
As the industry prepares to turn the next page.
Preparations underway for new disclosures soon due,
Some lenders are ready, but how about you?
To provide information to make loan terms seem clear,
And remove consumer frustration, confusion and fear.
Now Realtor, now Attorney, now Agent and Lender,
On LO, on Underwriter, on Closer and Vendor.
To all work together, each heed the call,
To create new forms and systems for all.
Millennials are poised to start buying homes,
With help from new low down payment loans.
With home values up and the economy mending,
The outlook looks good for new mortgage lending.
So be sure you are ready with systems in place,
To conquer the challenges in the new year you’ll face.
LoanLogics is here to assist you as needed,
To ensure loan quality with all the rules heeded.
And wishing you comfort, good tidings and cheer
For a happy healthy and prosperous New Year!