When you're a mortgage pro you rarely get to sit back and relax for long. There's always a change coming your way to handle. The upcoming revision of the Uniform Residential Loan Application (URLA) is one of them.
Posted by Susan McCullah
May 31, 2019 3:16:06 PM
When you're a mortgage pro you rarely get to sit back and relax for long. There's always a change coming your way to handle. The upcoming revision of the Uniform Residential Loan Application (URLA) is one of them.
Topics: mortgage process, Lending compliance, mortgage education, digital mortgage, URLA
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.
Topics: Data Facts, mortgage process, Mortgage lenders, mortgage lending services
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?
Topics: Credit Score, Mortgage Lending, mortgage process