Tag Archives: Lenders

The U.S. House of Representatives unanimously passed the SAFE Transitional Licensing Act by voice vote. The bill could alter the way that mortgage loan officers at a federally-insured institution move to nonbank lenders.

Although home prices are continuing their upward climb, mortgage rates continue to hover around three-year lows, but what's the catch to those low rates?

When the CFPB implemented the TRID rule, lenders were faced with the new challenge of altering their disclosure and closing processes. Now the question is which lenders, large or small, were able to come out on top following the TRID regulation.

When it comes to taking out a mortgage loan, more than half of all first-time homebuyers want to work with a company they consider trustworthy.

After many years of slowly adopting new technology, increased regulatory scrutiny is forcing the hand of the mortgage industry; and organizations are trying catch up at breakneck pace. This 5-step method gives lenders a map toward EAD implementation. Editor's note: This select print feature appears in the April 2016 edition of MReport magazine, available now.

Banks across the U.S. are making a valiant marketing effort to encourage homeowners to take cash out on their homes, an unusual move not seen since the housing bust.

A good credit score is necessary for many of life's necessities, especially for obtaining a mortgage loan. So where can lenders find borrowers with the best and worst credit scores in the U.S.?

Customer satisfaction regarding TRID has risen among borrowers—coinciding extremely closely to the rise in the number of borrowers who reported they’d been contacted (as per TRID guidelines) by their lenders before closing.

Since the initial implementation of these rules, the CFPB has made several moves to expand the definitions of “small creditor” and “rural area,” but before the HELP Act, smaller lenders were only eligible for special provisions if more than half its loans were in rural or underserved areas.

Parkside Lending, LLC, a national wholesale and correspondent lender, recently announced that it is expanding its lending services to the state of Missouri.