Christine

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Posts by Christine

The Bits and Bytes of Doc Prep

January 7, 2010 - 10:28 am

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Posted in Mortgage Compliance, Mortgage Doc Prep | No comments

After more than 20 years as a processor, originator and mortgage compliance trainer, I thought I knew mortgage compliance broadly and deeply. But when I joined the industry’s leading provider of closing documents and had to make sure the documents matched existing and forthcoming regulations, I was humbled. I quickly came to realize how much [...]

Mortgage Technology Association – you in?

November 18, 2009 - 3:52 pm

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Posted in Mortgage Technology, Mortgage Technology Association | 1 comment

Hard to believe it, but there is an association for everything under the sun, but oddly, there is nothing for Mortgage Technology Vendors.  After attending the National MBA Convention and Expo in San Diego in October, I was mulling over the many, many comments I heard about what we vendors need.  There’s a fair amount [...]

The Fed’s Formal Proposal Released for Truth in Lending Act

August 26, 2009 - 12:01 pm

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Posted in Federal Reserve, Mortgage Industry Legislation, Truth in Lending Act | No comments

The Fed’s Formal Proposal Released
The mortgage world is likely to transform dramatically next year as a result of major Truth-in-Lending Act changes proposed by the Federal Reserve.
The Fed’s proposal was originally released July 23rd and the formal printing of the proposal in the Federal Register just occurred, triggering the clock on the comment period, which [...]

MDIA – Federal Mortgage Disclosure Improvement Act

August 19, 2009 - 12:53 pm

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Posted in MDIA - Mortgage Disclosure Improvement Act, TIL Disclosure | No comments

The federal Mortgage Disclosure Improvement Act (MDIA) went into effect July 30, 2009, affecting all residential mortgage loan applications taken on or after that date. Although the MDIA covers a lot of ground, the area of greatest concern to our clients seems to be the timing of the initial and final TIL disclosures.
The MDIA requires [...]

ProClose – Don’t Settle for Less

June 16, 2009 - 1:05 pm

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Posted in ProClose | No comments

These days, there are clients, customers and buyers. It’s important to know the difference between the three. Clients are earned through and depend upon relationships. There is a trust factor between the parties. Customers are end users who view you as a commodity and could care less whether it’s you or someone else, as long [...]