Added by brokerbanker
5 months ago
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Second in a series of articles highlighting the compliance and other industry guidelines that nonbanks must implement.
In addition to FinCEN’s anti-money laundering (AML) requirements that I addressed in an earlier...
Added by brokerbanker
6 months ago
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Editor’s Note: This is the first in a series of articles about preparing for compliance programs introduced by the Financial Crimes Enforcement Network (FinCEN) and the Consumer Financial Protection Bureau (CFPB). Thi...
Added by brokerbanker
8 months ago
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(Based on MORTGAGE e-ALERTC from from Herman Thordsen, Esq.)
The Consumer Financial Protection Bureau (CFPB) recently announced changes regarding loan originator (LO) compensation. The proposed compensation rule ...
Added by brokerbanker
8 months ago
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If you have not met the appropriate anti-money laundering (AML) requirements yet, you should make plans to do so now.
Earlier this year, the Financial Crimes Enforcement Network (FinCEN) announced AML guidelines th...
Added by brokerbanker
8 months ago
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It’s time to plan for the renewal of your NMLS license. The 2013 NMLS renewal period begins November 1, 2012, with all requirements to be completed by December 31, 2012. Following are the steps you need to follow.
...
Added by brokerbanker
9 months ago
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The Consumer Financial Protection Bureau (CFPB) recently (8/17) announced a major change regarding the flat fee proposal that it introduced in May. The new proposed rules would enable lenders to still offer discount p...
Added by brokerbanker
9 months ago
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You could be doing something every day that could result in major problems for your business. Loan originators need to be aware of the regulations that restrict the type and content of advertising you can do.
Based...
Added by brokerbanker
10 months ago
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The Consumer Financial Protection Bureau (CFPB) has proposed new mortgage disclosure forms and a rule aimed at providing borrowers with protections for “high-cost” mortgage loans.
Disclosure Forms
The proposed f...
Added by brokerbanker
1 year ago
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On May 9, the CFPB issued a press release outlining proposed rules changes for mortgage loan originators.
Chief among the changes being considered for MLOs is a ban on origination fees that vary with the size o...
Added by brokerbanker
1 year ago
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If you are currently doing business in other states or planning to do so, you need to be aware of the latest updates concerning Transitional Loan Originator Licensing. The Consumer Financial Protection Bureau (CFPB) r...
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