Two new compliance firms on helping to save mortgage lenders money
A pair of recently created consulting firms seek to shift lender thinking to make compliance a front-of-mind target, not merely a cost center.
Source: nationalmortgagenews.com
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Mortgage production defect rates declined in 4Q
But the full year rate for 2022 increased as a record high for adverse findings was set in the third quarter, Aces Quality Management said.
Source: nationalmortgagenews.com
Mortgage loan defect rate improves in 2Q
But the shift to a purchase market means issues around employment and income verification should concern originators.
Source: nationalmortgagenews.com
Mortgage loan critical defects reached high point in 2021
The rate was 30 basis points higher compared with 2019 due to the record level of mortgage origination during the pandemic, according to Aces Quality Management.
Source: nationalmortgagenews.com