Origination

Since 2008, industry mandated best practices have been put in place for consumers’ protection, but what happens when there’s oversight, and what can banks do to make it right?

The industry has long called for clarification of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule—or TRID. Today, with the release of its “finalized updates,” the CFPB may have finally provided it. But what do the updates mean for the industry? And is this really the end of the You Before You Owe confusion? The answer probably won’t surprise you.

Though the concept of home staging is by no means new, not all decorating endeavors have the same impact. Learn where successful sellers’ agents put their budgets.

Simplifile has extended its industry-leading e-recording network to include 21 additional recording jurisdictions across the southern United States. Settlement agents in these jurisdictions can now electronically submit documents directly to the county recording office via Simplifile’s secure e-recording service. Within minutes, county recorders can review, stamp, record, and return documents electronically through the Simplifile system.

FormFree recently announced that Guaranteed Rate, Inc. has selected AccountChek by FormFree for automated asset verification. In using AccountChek, loan officers at Guaranteed Rate will be able to offer their clients a faster, safer, and more accurate alternative to scanning and uploading asset statements.

While most borrowers can check the status of their mortgage and make payments via lender websites and mobile apps, many now expect that level of transparency and convenience in the mortgage origination process as well. Lenders are increasingly working to make the advances they need to deliver an origination experience better aligned with the way most consumers prefer to do business. This means a digital environment.

Millennials are spending more than any other generation on their vices. With dwindling inventory and rising home prices, how will they get their foot in the homeownership door?

As refinance activity declines and housing prices keep rising, lenders are clamoring to attract what few purchase buyers are still out there. But they’ll need to up their game in order to stand out from the pack. What’s the best way to do that? A new report released on Monday has the answer.

Lenders are continuing to loosen up their credit standards—and they have been for some time, according to a new survey from Fannie Mae. But what’s causing this easing and how long will it go on? The GSE may have the answer.

The Supreme Court ruled Monday in a unanimous decision that the Fair Debt Collection Practices Act did not extend its reach to entities that purchase defaulted loans on the secondary market. The petitioners brought their case in front of the Supreme Court in an appeal of the 4th Circuit Court ruling in favor of the respondent. Justice Neil Gorsuch delivered his first opinion since his conferral to the Court.