Neill Fendly is a mortgage broker compliance expert.
The CFPB has provided the guidance it will use in determining whether correspondents are table-funders or conducting bona-fide secondary marketing transactions. The […]
The Consumer Financial Protection Bureau (CFPB) has now launched itself into the world of mortgage brokers, both pure brokers and correspondents. Three […]
It amazes me how many mortgage brokers continue to operate without an implemented quality control program, choosing instead to roll the dice […]
We currently live in heightened arena of compliance that is hard for anyone in the mortgage industry to ignore. A constant stream […]
By now I am sure everyone knows that compliance has become paramount and must be given a priority status by every company […]
You remember the day well. A beautiful morning, the market is growing, business is going very well and you are just on […]
A mortgage fraud and compliance expert can be a very valuable asset. Mortgage Brokers work with fraud and compliance experts to make sure they […]
Mortgage fraud occurs whenever a borrower, Mortgage Broker, Loan Officer or other involved party misrepresent any of the facts with respect to the application […]
Mortgage borrowing is a complex procedure and the process is susceptible to mortgage fraud for a variety of reasons. Mortgage fraud can […]
If you have ever originated a stated loan as a loan officer or a mortgage broker, you stand at a huge personal and professional risk. Even […]