cfpb: Did the Loan Officer Just Suggest Mortgage Fraud? - 09/15/16 08:12 AM
Everyone knows that all interested party contributions need to be disclosed on the Closing Disclosure / Final Settlement Statement, right? 
CFPB and TRID / RESPA changes that took effect in October 2015 have both emphasized disclosure rules and placed  more responsibility on the shoulders of lenders to ensure compliance. This includes preparing the final settlement statement (Closing Disclosure / CD) and adhering to the 3-day waiting period that must completed before consummation (closing) can occur. 
Buyers depend on their Loan Officers to be professional, and to make sure that the lending piece doesn't become the weak link in the chain of events leading … (3 comments)

cfpb: Top 11 Mistakes Lenders Make That Lose Client Trust - 08/14/15 11:48 AM
The relationship between Lenders and Borrowers is based on trust. Whether dealing with a Mortgage Banker, Mortgage Broker, Wholesale Lender, Portfolio Lender, Direct Lender, Correspondent, or Bank / Credit Union (see definitions here), a Borrower must feel that they are being treated honestly and fairly in order to successfully complete a real estate transaction with a given Lender.
In a Realtor's® line of business, we see all and hear all. When a title company or lending vendor isn't delivering according to a Buyer's expectations, we are the first to know about it.
As Consumers, we don't always know the right questions to ask or what … (5 comments)