TRID is a real obstacle to mortgage process

Fed adopts new rule limiting 'too big to fail' bailouts

New emergency lending policy targets 'broad-based' issues, not specific firms

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Items Tagged with 'lender'


Stonegate CEO Jim Cutillo abruptly leaves company

A positive move for the company?
Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective Sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition. After a rough year on the stock market for the company, one analyst said this is positive news for the lender.
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CFPB issues confidential supervisory information bulletin

Non-disclosure agreements can't hinder CFPB oversight
The Consumer Financial Protection Bureau reminded the industry just how much power it has on Tuesday, when it issued a bulletin to supervised financial institutions, including nonbank companies, reviewing regulations about the treatment of confidential supervisory information.
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How do borrowers define excellence?

Winning your next customer over requires innovative thinking
Why can’t the consumer have total transparency and track their loan (start to finish) through a smartphone application? Borrower surveys point to the time between application and approval as being the most stressful for borrowers. If anxiety is driven by the unknown, shouldn’t lenders take the unknown out of the equation?
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Executive Conversation: Mitigating risk with eLynx post-close automation

Data-driven process makes vendor management easier

"The beauty of data is it allows for process improvement. One problem that plagues any manual process is that feedback tends to be anecdotal. A data-driven process allows you to identify common errors made at the closing table and rectify them by modifying documents and training your vendors." 

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Stonegate CEO never claimed to graduate from Indiana University

Jim Cutillo’s side of the story
The Indianapolis Business Journal published an article on Wednesday asserting that Stonegate Mortgage Corporation Founder and CEO Jim Cutillo did not earn a degree from Indiana University as the company has claimed. The problem: Cutillo never said he graduated from IU or anywhere else.
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