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Mortgage Loan Acquisition

To Increase Business | Correspondent Lenders Need to Increase Sources

With the decrease in mortgage originations, Correspondent and Wholesale Lenders are facing the prospect of having to acquire business from new sources. This means bringing in loans from new loan brokers in more areas of the country. That creates the challenge of managing the process of registering, pricing, approving, and closing more loans from a myriad of different lenders throughout…

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Mortgage Compliance

What’s Next? TRID 3.0 or Maybe TRIDIA

With the TRID 2.0 changes finalized and changes to address the ‘Black Hole’ out for comment, some in Congress are already looking at additional upgrades to the Rule. A Bill sponsored by Representative French Hill (R /AK) was introduced for discussion in the Financial Institutions and Consumer Credit Subcommittee of the House Financial Services Committee. Try and say that one…

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Mortgage Industry Trends

Just How Safe Is Your Identity and Credit Data

You’ve probably heard by now that on July 29th Equifax learned their systems were hacked from mid-May through July. Yes, Equifax, one of the country’s 3 main repositories of all consumer personal and credit information. The cyber thieves acquired sensitive personal information on 143 million American consumers. That’s a whole lot of data on a whole lotta people. Not good.…

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