Tag Archives: mortgage loan officers

So how does a brick-and-mortar bank stay relevant and competitive in this always in flux industry? Kevin Gillen, SVP, Mortgage at TD Bank, fills us in. This select print feature originally appeared in the August 2016 issue of MReport magazine.

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.

MBA filed complaint in the Federal District Court challenging the Administrator’s Interpretation, saying the document was inconsistent with 2004 regulation. More important to the case, the MBA argued the administrative ruling was procedurally invalid in light of the D.C. decision in the Paralyzed Veterans case, which ruled rule amendments can’t be made without notice and opportunity for comment because it violated the Administrative Procedure Act (ACA).