Prior to running down to the Annual Regional Conference of Mortgage Bankers Associations in Atlantic City, I was checking today’s industry headlines. Let’s see, we have articles about: The increased cost to buyers with FHA financing FHA Costs) Supreme Court’s Ruling on OT for LOs (LOOT) Consumers now think it is easier to get a mortgage (Consumers) US unrealistic…
Lenders – are you utilizing Service Providers (or Third Party Vendors) to assist you in your Operations? If so – are you properly monitoring the associated risks in employing such Firms? Read on! The Consumer Financial Protection Bureau (CFPB) fully expects supervised banks and non-banks to properly manage the associated risks with employing service providers (or third party vendors). These…
