Data Facts Lending Solutions Blog

Mortgage Lending Compliance: Worrying About Debt Monitoring

Posted by Susan McCullah

Sep 18, 2018 10:27:18 AM

If you're in mortgage lending, you probably already know that undisclosed debt is the number one cause of mortgage fraud. Unfortunately, borrowers often take out new loans or make other significant changes to their debt situation within days of closing and that puts lenders in a precarious situation. Under the terms of the Fannie Mae Loan Quality Initiative, lenders are responsible for disclosing any new debt prior to closing, and to ensure you can meet that stipulation, you need to have a undisclosed debt monitoring process as part of your mortgage lending services solutions in place.

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Topics: mortgage lending services, Mortgage lenders, mortgage process, Data Facts

Trick or Treat? Avoid these Mistakes During the Home Buying Process

Posted by Susan McCullah

Oct 31, 2017 1:11:40 PM

Is it what you hope is the last Halloween before you move into a new home? Are you dreaming of passing out candy to hungry zombies and beautiful princesses?

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Topics: Credit Score, Mortgage Lending, mortgage process

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