The TRID deadline is fast approaching, requiring new Loan Estimates and Closing Disclosures — are you ready?
The new TRID requirements bring broad changes to the loan process, and as your trusted partner, Accurate Group is here to help you transition quickly and smoothly. We’ve developed multiple tools and services to help you adapt your processes,...
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Why consider real estate appraisal outsourcing?
September 3, 2015
Many real estate lenders and mortgage servicers are still managing their own appraisal management function. As a result, adhering to regulatory compliance requirements has become a significant and expensive burden for these firms. In addition, the complexity of maintaining compliance is putting many firms in the risky position of being non-compliant. In fact, 75% of...
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Important CFPB enforcement – title supplier selection and title order placement
January 26, 2015
On January 22, 2015, the Consumer Financial Protection Bureau (CFPB) took significant RESPA enforcement action against two of the nation’s largest banks for alleged illegal kickbacks paid to loan officers or underwriters who selected title suppliers. Are you still allowing loan officers to select their preferred title or closing agent?
If so, why? Don’t take this...
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What do Fannie Mae CU changes mean for you?
January 20, 2015
As of January 26, 2015, Fannie Mae is making its Collateral Underwriter tool (Fannie Mae CU) available to lenders and appraisal management companies, enabling them to take full advantage of this application for quality control and risk purposes. This action moves appraisal risk, data integrity, and overall appraisal quality from the back end of the...
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