All-about-TRID
Mortgage Compliance

TRID: It’s a Relationship Thing

Let’s face it, TRID is a game changer. It has revolutionized the process of how mortgage loans are closed. The replacement of the GFE and initial TIL by the new Loan Estimate caused the need for new technology and forms; however the information being disclosed is relatively the same. The real change comes in the use of the new Closing…

Continue Reading

MBA-NJ Conference-Vitali
Uncategorized

The Rights of Spring

It’s that time of year again; St. Patty’s Day, March Madness, and the Annual Regional Conference of MBA’s, held in Atlantic City each year. This will be the 33rd consecutive conference. This year, the meeting will be held from March 13th through the 17th at the new Convention Center in beautiful Harrah’s Marina Casino/Hotel. The conference begins with a Commercial…

Continue Reading

3-Years-Reps-Warrants-Freddie-Mac
Mortgage Compliance

Three Years and “Counting” – How Do You Spell Relief?

  Freddie Mac, in a recently published Single-Family Update, has reminded everyone that it has now been three years since they implemented the Selling Representation and Warranty Framework which provides lenders (or sellers) with relief from certain selling representations and warranties for loans that demonstrate an acceptable payment history. What does this mean to lenders?  It is anticipated that many…

Continue Reading