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Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. In this blog post, Kerri Panchuk, executive director, Membership Groups at The Five Star Institute discusses how all firms in the mortgage finance space–from lenders, servicers, title companies and appraisers–are officially ‘on notice’, with the Consumer Financial Protection Bureau issuing a bulletin Thursday, providing guidance on what constitutes a mortgage kickback or referral fee when setting up marketing services agreements.
Read More »The Low Down on the CFPB’s Marketing Service Agreements Bulletin: The Agency Gave the Industry What it Wanted…No Surprises Here
