Commentary

Amid all the consternation about the looming TILA-RESPA Integrated Disclosure Rule effective date of October 3, one analyst believes that the biggest unknown about TRID is just that—unknown.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. Lenders in today's market often face compliance challenges that bring the Consumer Financial Protection Bureau to their door with a huge fine. Mary Beth Doyle, founder of LoyaltyExpress examines these compliance issues and advises lenders on an effective way to avoid regulatory repercussions.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Tim Anderson, director of eServices for DocMagic, Inc., providing a final checklist to ensure mortgage lenders and servicers are fully prepared for TRID and avoid costly fines.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s official! The TRID rule goes into effect one month from today. Are you prepared? John Vong of ComplianceEase and Jonathan Kunkle of GuardianDocs weigh-in on the upcoming TRID implementation date and what companies can do to ensure their technology is ready.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This article features Mark McElroy, president and CEO of Pavaso, Inc., advising lenders to be innovative in their business practices to serve today's consumers.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Sanjeev Dahiwadkar, president and CEO of IndiSoft, LLC, discussing how mortgage lenders and servicers should not solely rely on technology in the mortgage industry to safeguard against potential fraudulent activity.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Melissa Kozicki, director of compliance for the Mortgage Builder Division of Altisource, discussing the upcoming implementation of the TILA-RESPA Integrated Disclosure rule, and how mortgage bankers must put a plan in place to manage vendor liability and risk within the context of the new rule.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Steven Russo, EVP of CertainSafe, discussing how legal practitioners hold, store, and transfer critical, privileged and highly sensitive information entrusted to them, which by default, makes them prime targets for hackers.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This analysis features Cari McCue, Guardian Mortgage’s COO, discussing how long-term demographic trends will affect the mortgage industry.

In the past, the industry had the luxury of making mistakes right and financial institutions could operate in the sure knowledge that if a problem presented itself, the solution would not unduly hinder the operation of the enterprise. That’s no longer true today.