Rather than complaining about regulation and requirements, embrace them and learn to use them to your advantage. Turn the tables and manufacture a better loan, which in turn reduces defects and risks, and results in a much happier customer, both the borrower and loan’s buyer.
The lender that learns to use technology and automation to help produce a better product are the lenders that will succeed regardless of regulatory requirements. All you need to do is know the rules, understand them, and learn to play within them. When doing so, you’ll be more competitive, produce a better product, reduce overall expense and increase profit.
Do not fear changes, identify them as opportunities and embrace them. You’ll find you do much better with fewer headaches and disappointments. Now go out and originate (by the rules).