Click through to learn which quality control regulations posed the maximum problems for post-close loans and how these issues can be reduced.
Read More »A Storm of Defects
A new report points to a rising risk of defects in mortgage loan applications. Is the trend here to stay?
Read More »The Impact of Lender Understaffing on Loan Quality
A new report on the quality of loans made to homebuyers shows the true cost for lenders struggling with staffing issues and what impacts defects in loan package documentation during the post-closing process.
Read More »How Florence May Impact Mortgage App Defects
Whenever a disaster hits, mortgage fraud, defects, and misrepresentation always go up as some try to take advantage of the situation. How might the mortgage application defect rate be impacted following Hurricane Florence?
Read More »How Technology Decreases Defect Risk
The defect risk for purchase transactions is dropping, according to a report. What role has mortgage technology played to decrease risks related to defects in a mortgage?
Read More »Critical Loan Defects Should Continue to Drop
Critical defects are down compared with Q1 of 2016, according to ACES Risk Management (ARMCO) in its Q4 Mortgage QC Industry Trends. The report details a breakdown of the final quarter of 2016, including defect rates and findings for each Fannie Mae loan category. It also predicts, with the continued understanding of TRID and its impact, critical loan defects should continue to trend downwards in 2017.
Read More »Dealing with Defects in Non-Judicial Foreclosure States
What should be done in the case that a lender fails to name a spouse in its lawsuit, or fails to name a condominium and homeowners association fee? What parties should be names in a lawsuit? These questions and more were answered in the Legal League 100 webinar.
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