Tag Archives: Regulation

Regulatory Assist, which integrates directly with the Black Knight Empower loan origination system is designed to help clients streamline the compliance-testing process and make compliance validation easier and quicker.

For banks, the supervisory process can be tricky. Find out how the Senate Banking Committee is addressing banking rule issues and hear what experts say needs to be addressed, from housing policy to too-big-to-fail.

The Office of the Comptroller of Currency is seeking comments on modernizing the regulations of the Community Reinvestment Act to help banks reach out more effectively to low- and middle-income communities.

As the pool of appraisers continues to shrink, the mortgage industry is searching for solutions and technology is helping the cause. This story was originally featured in the January issue of MReport.

MReport spoke with Jacqueline Comeau, EVP-Compliance & Enterprise Risk at Firm Solutions about compliance challenges. As Comeau puts it, "regulation isn't going away anytime soon," so it's more important than ever to stay up to date on regulation requirements.

Dodd-Frank could be in trouble if a quiet spending bill continues moving through the legislative process. See how this potential back-door legislation could come to fruition, and what effect it could have on the housing market.

A recent survey of mortgage professionals shows that a majority are ready for regulation changes to the Home Mortgage Disclosure Act. Most of those polled believe requirements for collecting, analyzing and reporting data, coupled with a lack of resources to manage the mortgage data, contributes to the rising cost of loans. Nearly a quarter share President Trump’s sentiment that policy changes to the mortgage industry would be beneficial to the lending market.

As the technology conversation in the mortgage industry heats up, many companies are attempting to meet industry demands and adopt streamlined industry processes. Today’s companies are driven by creativity and innovation and are fostered by client success. MReport spoke to James Vinci, VP and Chief Technology Officer at Equator, about what mortgage professionals can learn from other industries and what technology trends are having the most impact today.

Proactive and novel approaches prove key to properly servicing loans—and the next generation of borrowers—in this era of rising rates, shifting purchase trends, a freshly implemented administration, an evolving regulatory environment, and rapidly accelerating technology.

In remarks at the Chamber of Commerce 11th Annual Capital Markets Summit, CFPB Director Richard Cordray discussed the Bureau’s recent efforts—specifically those to adapt regulations to improve compliance and implementation within the industry. The CFPB actively works to provide clarity, solicit feedback, and revise according to that feedback on all rules, he said. The Bureau will soon assess its Dodd-Frank remittances rule and its mortgage rules, as mandated by Congress.