Data Facts Lending Solutions Blog

7 Compliance Tips for Lenders to Get the Most Bang for Their Buck

Posted by Johnna Leeds

Dec 28, 2017 9:34:25 AM

 

We all know the lending compliance is highly regulated and takes considerable resources. Lender compliance costs put a strain on lender profits, can be frustrating and seem unreasonable.

And they keep increasing.

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Topics: Mortgage Lending, mortgage changes, Lending compliance, compliance tips for lenders, compliance costs in lending, mortgage lending services

Mortgage Lenders' Challenge: Find New Sources For Lien And Judgment Data

Posted by Ann Fulmer

May 31, 2017 2:40:01 PM

This article was originally posted on MortgageOrb, written by Ann Fulmer.

In less than a month, the nation’s top credit-reporting agencies (CRAs) will drop most civil judgment and tax lien data from consumer credit reports. It’s a change that will boost millions of consumers’ credit scores – and one that raises major concerns for employers, landlords, mortgage bankers, and other lenders and mortgage lending services providers that use FICO scores as a primary means of determining consumer creditworthiness.

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Topics: credit reports, Credit Score, mortgage changes, Liens and judgment data, mortgage lending services

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