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6/24/14 Update Notification
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This communication contains a number of updates. Please visit http://www.mortgagemanuals.com/updatesanddownloads to see which updates apply to you.
Article on CFPB Rules Update - A good tool to make sure you have implemented everything .
In this article we release the HPML Appraisal Policy. Remember that you only need to follow this for NON-QM mortgages. If you don't do non-QM mortgages, then your policy is "HPML Appraisal Rules do not apply to Non-QM Mortgages..."
Quality Control Module Customers - Anti-Money Laundering Audits Due 8/11/2014
Visit the training site to complete your training. Call to discuss whether you need to conduct an audit.
Small Brokers - this is a good time to do your annual comprehensive audit for AML, QC, Fair Lending, Privacy.
6/24/14 - Production Quality Control Checklist Updated to include CFPB requirements, disclosure checklist. This is an important update, and if you are not verifying this information is in file prior to submission, you could also be missing specific FHA, FNMA requirements. Visit www.mortgagemanuals.com/updatesanddownloads.htm.
Free Social Media Policy
We provided an updated social media policy to address production and compliance concerns with this particular media. Remember to use your advertising checklist when reviewing any outgoing social media message. Here is our article on the subject.
If you have forgotten your page level password, please e-mail me
As always, if you have a specific need that you don't see, if you need help with anything or if you just have an idea that will make the system better for everyone, please let me know.
Regards,
Thomas Morgan
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