The stakes are high concerning Loan Originator Compensation. Enforcement in this area has been a major focus of CFPB enforcement. Your company and loan officers themselves can be held liable for any violations of the LO rules.
Tag: Compliance Essentials
Compliance Essentials: Loan Originator Compensation Resource Guide
The stakes are high concerning Loan Originator Compensation. Enforcement in this area has been a major focus of CFPB enforcement. Your company and loan officers themselves can be held liable for any violations of the LO rules.
MBA, Winnow Solutions LLC Partner to Help Members with Compliance Research, Costs
The Mortgage Bankers Association and Winnow Solutions LLC, Anaheim, Calif., announced a partnership that will provide MBA member subscribers – at a 10% discount rate – a comprehensive database of state and federal regulations to help control costs and better manage the growing complexity of mortgage regulations.
MBA Advocacy Update
Last Friday, MBA President and CEO Bob Broeksmit, CMB, attended a White House meeting chaired by HUD Secretary Ben Carson and attended by other senior administration officials and key industry stakeholders to discuss housing affordability. And on Monday, the Federal Housing Finance Agency announced it is seeking comment on pooling practices for Fannie Mae and Freddie Mac in the Uniform Mortgage-Backed Securities market.