Beginning on July 1, 2017 the nation’s 3 largest credit bureaus will implement a reporting change that will significantly reduce the amount of tax-lien and civil-judgement information reported within consumer credit reports. This change, which was implemented under the National Consumer Assistance Plan (NCAP), will result in the elimination of the above reported items if consumers ...
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Keys to profitable mortgage lending
October 25, 2016
It’s always difficult to predict what will happen next in the mortgage industry, but there is a consistent theme to what keeps mortgage lending and servicing executives awake at night — profitability and regulatory pressures. Unfortunately these two challenges are often at odds with each other, as...
Read moree-Signature rulings may motivate mortgage lenders to innovate closing processes
June 3, 2016
Two recent court rulings may give banks and other mortgage lenders greater confidence in moving toward e-signature technology for mortgage loan closings. Highlighted in a recent article in National Mortgage News titled “Court Wins Set Important Precedent for Paperless Mortgages,” the rulings affirmed that lenders can enforce electronically signed and transferred notes – which...
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