Are Discharge Tracking Fees a Finance Charge?
When a mortgage is paid off, a discharge needs to be filed in the registry where the mortgage was recorded. The registry of deeds exists...
Are you reporting too many loans as "withdrawn?" (if so, better check for HMDA errors)
Reporting too many mortgage loans as "withdrawn" is a sign that you're out of compliance with HMDA reporting requirements. This may mean...
Testing, Testing, 1, 2, 3 ...
The amount of time and effort to bring a new lending system live for your organization can be daunting. Organizations spend countless...
The Right of Rescission and Purchasing New Interests
The right of rescission gives consumers the right to rescind, or cancel, certain transactions involving a consumer’s principal dwelling....
What steps are you taking to reach non-English speaking borrowers?
This is both a business and a compliance question Boy our industry loves acronyms ... have you heard this one? "LEP" It stands for...