November 24, 2019 – That’s not a typo, yes, it’s one year away! Did you know federal law mandates states implement “transitional licensing authority” by November 24, 2019? If you manage originators in a depository, have you considered if this will impact you and if so how? How about recruiters for non-depositories? Will bank or credit union originators, want to move? Will non-depository lenders start to aggressively recruit? Should depositories empower their originators NOW to …
Did the game just change? For the sake of full disclosure, I am an originator, course developer and trainer. I think you may want to read the recently released guidance. This is not a secret. Consumers do not know the differences between “individual originators,” registered or licensed or brokers, lenders or banks. They think we all do the same thing with a similar level of knowledge. It’s just one reason why there were so many problems leading up …
Mortgage professionals may want to know what the government is asking your borrowers after closing. Recently the Bureau of Consumer Financial Protection (BCFP) and the Federal Housing Finance Agency (FHFA) released a new loan-level dataset, for public use; a compilation of data collected through the National Survey of Mortgage Originations (NSMO). The NSMO is a component of the National Mortgage Database (NMDB®). It is the first comprehensive repository of detailed mortgage loan information. The desired …
Rob Chrisman <rchrisman@robchrisman.com> wrote an excellent summary on Cybersecurity for Mortgage Professionals in his blog. Read it at: https://www.robchrisman.com/oct-27-cybersecurity-password-tips-two-factor-authentication-blockchain-legislation-developments/ Don’t let a simple mistake reveal all of your information and the information of others.
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