Bankers as Buyers is an annual report prepared by the William Mills Agency, along with the assistance of analysts and bankers nationwide, “to help financial institutions and those companies serving them validate their strategic IT direction,…
One of the more confusing aspects of the new RESPA rule has been the treatment of transfer taxes. HUD staff members have informally discussed the fact that transfer tax disclosure issues have generated many of the questions submitted to the department. …
DocuTech is a trusted resource for the mortgage industry, and our staff are constantly providing insight and advice through interviews and articles in the press.
Did you miss us? Below are some of the highlights we have shared with lenders just like you this year….
Worksheets seem to be an item of interest among mortgage originators since the implementation of the new Good Faith Estimate at the beginning of the year. DocuTech’s compliance department has received many inquires about worksheets and recently HUD has given some guidance for those wishing to use worksheets in their initial disclosure packages. …
(Note: This is a revised article from several months ago addressing this topic. The article has been updated to include information about new data integrity checks added to the ConformX application)
On October 1,…
Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent. This policy change will increase premiums for purchase money and refinance transactions,…
The Safe Act was signed into law in 2008. This wide-ranging legislation provides regulators better tools to control and track originators. The legislation had several goals related to mortgage originators:
The establishment of a national licensing system was accomplished with the creation of the Nationwide Mortgage Licensing System (NMLS) in 2009….
Can you afford to have pretty good data? Can you afford tolerable investor pricing variances? Can you afford to usually be compliant?
There’s an old saying that argues, “It’s better to be lucky than good.” While true in many instances,…
As a loan closer I was used to facing daily challenges that I relied on others to help out with. There are a handful of different variables that affect each and every day….
Our Arkansas Disclosure and Certification (Cx12918), provided pursuant to Arkansas Rule 5010-2, is no longer required due to recent changes to the Arkansas Fair Mortgage Lending Act. Previously the doc printed generically in all AR Closing packages. It will no longer print in any ConformX document packages….
