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Processing Fundamentals

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Mortgage Company Compliance Requirements for AML Training

December 11, 2021

How does a mortgage company meet the statutory requirement for Anti-Money Laundering education? The question comes up because many companies do not comply with the annual education requirement for all employees. In our opinion the law and regulations on AML training is purposely not specific because the term education...

8 Episodes of Fundamentals of Processing Teaches the WHY!

November 15, 2021

Mortgage Processing Fundamentals is an on-demand, video recorded program which presents the base of knowledge needed to succeed at residential mortgage processing. The course is written and presented by a 25-year seasoned loan originator who has processed her own loans. The fundamentals are universal and can be applied to...

The Myths and Realities -1099 vs W-2 for Loan Originators!

November 01, 2021

As someone who has followed this topic for many years, with many debates, I’ve heard it all. Just today, posts on Facebook brought it up…again! What’s different now is a few weeks ago, I decided to get reliable information from a reliable source. To help clear up the confusion,...

Redesigned URLA Video – How to Use the 2021 Loan Application

October 25, 2021

Ahhh…another industry change while volume is at an all time high! Just what we need in 2021! We started talking about the new URLA in 2018; and then it changed…and then it changed again. Finally! After several years of the GSE’s designing formats, revising (adding and deleting) data points,...

CLOES.online – On Demand BSA/AML Training

October 13, 2021

Real estate transactions are the easiest way to launder money due to the size of the transactions and the amount of money that can be “cleaned”. All financial institutions are required to comply with the Bank Secrecy Act. Money laundering may also involve tax fraud as well as other...

Real Estate Update May 2021

May 11, 2021

Don’t Try to Outsmart the Markets Getting ready to refinance your mortgage but waiting for rates to fall just one more time? Is that extra 1/8th percent ready to drop? Some consumers begin to follow economic news and perform no shortage of due diligence trying to pick the perfect...

Real Estate Update March 2021

March 03, 2021

Real Estate Update December 2020

December 01, 2020

Happy Thanksgiving! – 2021 Loan Limits Released!

November 24, 2020

You wouldn’t know we were in the middle of a pandemic based on the housing market. That conforming limit keeps creeping up. It all seems crazy from when I started in the mortgage business in 1994, the conforming loan limit was $225,000. Fast forward 26 years…the 2020 limit was...

Real Estate Update November 2020

November 02, 2020

Are Customers “Cleaning” Their Money In Your Transaction?

October 28, 2020

Money laundering is a huge problem for financial institutions and monitoring compliance and reporting is a challenge. As I read through FinCEN’s recent announcement, it became clear…the law is not really clear! Because real estate transactions are large in dollars, they are one of the easiest places to “clean...

Real Estate Update October 2020

October 05, 2020

Real Estate Update Newsletters 2020

September 01, 2020

What you need to know to be a Mortgage Loan Originator – Video

June 25, 2020

Fannie Requiring Business Accounts for Self-Employed!

June 01, 2020

My analogy to guidelines these days is they are like trying to hold jello in the palm of your hand. Squishy, slippery, moving; slipping through your fingers! Patience is a virtue! We need to understand that underwriters spend MUCH more time determining the amount of income that can be...