Welcome back from the long holiday weekend! To help you get your mind back on mortgage and ease into the week, we have our second installment of our LoanLogics crossword puzzle series. Try your hand at this latest puzzle below. Get stuck or want to confirm your answers? Just checkout the answer key below. Enjoy the puzzle. Start the crossword HERE.…
I have been in the mortgage industry for nearly three decades. Those who don’t know me might be surprised to know I developed some of the industry’s first quality control (QC) technology. Those that do know me, know it’s in my blood. And so, with confidence I can say that no good quality control plan is complete without a written…
We used to hear a lot of chatter in the marketplace about “OCR this” and “OCR that” and how it’s the next best thing since sliced bread. Well, it may have been until someone came along and slathered some warm melted Kerrygold butter on it (this is not a paid advertisement) and a healthy sprinkle of cinnamon – sounds much…
Last week, I discussed in great detail the significance of recordable documents in MERS® compliance. I thought it prudent in this follow-up piece to share some additional insights on common errors LoanLogics found in 2020 with regards to recordable document errors. The top document categories found with the most errors included Lien Releases/Substitution of Trustee, Assignments and Modification Agreements. As…
In my first post of this series, I discussed a new yearly training program offered by MERS® to certify experienced, knowledgeable independent review firms and the level of detail needed to demonstrate compliance. As promised, I’m back with an examination of recordable documents and its significance in Annual MERS Compliance Reviews. Many internal and external MERS quality assurance reviews tend…
It’s almost Friday, on this short work week for most of us following Memorial Day 2021. This week in our blog we wanted to have a little fun, so we scoured the internet for some funny mortgage memes and cheesy jokes to coast us into the weekend. Enjoy! What do you call someone who mails mortgage statements? ……………………………………………………………………………Post Malone The…
