Mortgage Builder Software says work groups it provides to the mortgage industry are now in high demand as financial firms look for compliance answers.
In fact, the Southfield, Mich.-based loan origination/servicing software provider says interest in work groups promoted by Mortgage Builder has grown 20%.
The work groups provide instructions, advice and open forums for mortgage professionals to discuss critical industry issues impacting both originations and loan servicing.
"Clients are more aware than ever that staying abreast of regulatory requirements and loan repurchase parameters is an integral part of doing business in today’s market," said Melissa Kozicki, Mortgage Builder's director of compliance and client development.
There are work groups for wholesale production and underwriting, along with groups dealing with the subject of repurchase risk.
Some of the key groups include government lending, quality control, secondary marketing, underwriting, wholesale lending and regulatory support.