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Mortgage Compliance & Operations

Loan processing requires that mortgage lender’s and mortgage broker’s sales, operations, and legal teams work together in order to satisfy the various loan and regulatory compliance requirements for closing loans successfully.

Managing the Process Critical Information for a Mortgage Abstract
To ensure a smooth real estate transaction, disclosure of the full legal history of a property is critical. As such, the creation and review of a mortgage abstract needs to be a priority. It not only saves time, but also adds a valuable level of transparency to the process. The mortgage abstract is an essential...
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Building Operational Efficiencies by Outsourcing the Title Process
For organizations managing commercial real estate transactions or title originators, outsourcing the title process can help you balance your expertise and allocate your time and resources more efficiently within the organization. Due to fluctuations in the real estate market, timelines can be difficult to adhere to when scaling is necessary. Rather than adding new staff...
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Expediting the Workflow During the Underwriting Process
The mortgage approval process requires many steps and stakeholders in order to finalize the loan. The borrowers must collect and supply various documentation, and the internal lender teams then have to process the information, which includes multiple departmental approvals. After the borrower delivers the required documentation to their loan officer or contact, it is passed...
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Managing-the-Process-Critical-Information-for-a-Title-Review
A title review is an important aspect of commercial real estate operations to help identify potential issues, risks, or concerns before the final closing process. The review is based on documentation that is connected to the property such as mortgages, tax sales, deeds, litigation, etc. – as well as a list of all the owners...
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What Is the Title Commitment Process
A title commitment gives the details of what is covered in title insurance. It discloses all liens, burdens, defects, and obligations associated with a property, which impacts the ability to transfer a sold property. Claims stemming from eminent domain, bankruptcy, and legislation are exclusions, while liens that the buyer can’t accept are called exceptions. These...
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compliance-solutions-operational-costs
With both increasing and evolving regulatory demands, banks and brokers will often expend numerous resources to keep up with the changes, and this can increase operational costs often putting organizations over budget. The consequences for compliance-related penalties and fines can cost an organization severely. Because of the regulatory complexities and expertise required to stay compliant,...
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Mortgage-Compliance-Program-A-Strategic-Function
In the finance industry today, a comprehensive mortgage compliance program is essential, but it is often a challenge operationally. Effective mortgage compliance has many layers within an organization. It is managed daily at the senior management level and integrated throughout the company’s day-to-day activities as a strategic function of the company. The Code of Federal...
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