Updated January 12, 2017
Although English is the official language of the governments of the United States, there are millions of U.S. residents who speak,…
Are you using EarlyCheck™? This is Fannie Mae’s new service that assists lenders in producing and selling quality loans. This service utilizes Fannie Mae’s data checks at any point in the loan business process,…
First of all, on behalf of the DocuTech team I would like to wish you a happy New Year. This New Year will bring several new challenges as the regulatory landscape continues to change at a rapid pace. …
In preparation for the upcoming FCRA changes related to the Credit Score Disclosure Mortgage Exception Notice, DocuTech has been performing an analysis of the credit score related information being sent to ConformX to make sure it meets the needed standards for the upcoming compliance changes. …
On January 1, 2011 joint Federal regulations from the Federal Trade Commission (16 CFR §§640 et seq.) and the Federal Reserve Board (12 CFR §§222 et seq.) will require creditors to provide new disclosures in transactions where they grant credit to a consumer based upon a consumer’s credit score,…
“Paperless” has been the buzzword in the mortgage industry for several years, and yet many financial institutions have still not been able to take advantage of the many benefits offered by this growing trend….
What loan products will you be selling next year? Standard, 30-year fixed? 5-1 ARMs? Jumbos?
The question is one that cannot be answered completely until the Consumer Financial Protection Bureau (CFPB) releases its proposed guidelines for the “qualified” mortgages….
On December 1, 2009 the federal agencies responsible for administering the Graham-Leach-Bliley Act (“GLBA”) and the Fair Credit Reporting Act (“FCRA”) issued revised regulations that financial institutions may use to meet the privacy notice requirements under the Acts. …
Last month (October), the Mortgage Bankers Association (MBA) held their annual (2010) convention in Atlanta. Each year, this event is designed to draw the industry’s best and brightest to one location for a few days of seminars, exposure to vendors,…
Fannie Mae announced the development of new Appraiser Independence Requirements (AIR) to replace the Home Valuation Code of Conduct (HVCC). The Appraiser Independence Requirements are very similar to the HVCC and are applicable to all Conventional loans with an application date on or after October 15,…
