Items Tagged with 'Loan Estimate Form'
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ARTICLES

  • Wooden block house on money

    Better Mortgage offering $1,000 guarantee that it can beat other lenders’ pricing

    Telling borrowers that it will beat any lender’s loan pricing or give you $1,000
    June 28, 2017
    Ben Lane
    Better Mortgage, an online mortgage lender, is now offering borrowers a guarantee that its mortgage is cheaper than any other lenders’ options, and the lender is putting its money where its mouth is. Better Mortgage now guarantees that it will beat any competitor’s loan estimate by $1,000. If not, Better will give the borrower $1,000.
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  • magnifying glass

    What's your business intelligence IQ?

    Operational process improvements should be a focus right now
    September 17, 2014
    Matt Corcoran

    It's apparent that you’ll need clear processes and guidelines in place for your workforce to maintain high levels of service while working within strict tolerances that could result in game-changing fines for your business.


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  • CBall

    The TILA-RESPA Combined Disclosure connection

    Tim Anderson of DocMagic weighs in with Closing Call guest post
    August 20, 2014
    Tim Anderson

    The primary issue is not only delivering the closing documents to the consumer three days ahead of closing (consummation), but now, with the delivery deadlines and tolerance requirements, the lender is on the hook to ensure even greater accuracy of the GFE/TIL at time of application.  


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  • business

    How to avoid feeling violated by the CFPB

    Recapping TILA-RESPA tolerances — 50 weeks out
    August 18, 2014
    Mark McElroy
    Previously averaging around $5,000 in total for RESPA violations, TILA-RESPA fines will be even higher because these penalties are assessed per day rather than per infraction, and the violation doesn’t need to be “knowing” or “reckless” in order to merit a penalty.
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  • House

    Complying with TILA-RESPA tolerances, Part 2

    Zero tolerance charges, and refunds in 60 days
    August 13, 2014
    Matt Corcoran

    The stakes are raised even higher because these penalties are assessed per day rather than per infraction, and the violation doesn’t need to be “knowing” or “reckless” in order to merit a penalty.


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  • courage

    Implementation, training and tolerances under the new rule

    Recapping a week of TILA-RESPA overload
    August 11, 2014
    Mark McElroy

    We rounded out section 16 of the TILA-RESPA Integrated disclosure rule regarding implementation by discussing the training component your organization will face. In the summary published by the CFPB, I think it’s one of the shortest sections – but we as an industry know better than to just think about it as two sentences.  


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  • magnifying glass

    Complying with TILA-RESPA tolerances, Part 1

    Breaking down the remainder of the Loan Estimate limits
    August 8, 2014
    Matt Corcoran
    In calculating the aggregate amount of estimated charges for purposes of conducting the good faith analysis, the aggregate amount of estimated charges must reflect charges for services that are actually performed.
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This month in
HousingWire magazine

Cover Story
September 2018

Back on track: How Tim Mayopoulos fixed Fannie Mae

When Tim Mayopoulos was vetted prior to joining Fannie Mae nearly 10 years ago in the role of general counsel, board members explained it would only take 12 to 18 months for the company to turn around. That isn’t what it took. It took putting Mayopoulos in charge, years later, to turn the company around. And that’s exactly what he did.

Feature

HW Insiders 2018

HousingWire began highlighting the unsung heroes of the mortgage finance industry three years ago, recognizing those who continue to make the dream of homeownership a reality for Americans nationwide. Our editorial board selected each of these 40 professionals for their ability to not only transform their companies, but the industry as a whole.

Commentary

Better serving the Hispanic mortgage market

Steven Lujan
Steven Lujan
 LendingServicing
Hispanics have huge purchasing power in the U.S. and the rate of homeownership among this population has grown every year since 2014, reaching 46.2% in 2017. In fact, Hispanics are the only demographic in the U.S. to increase homeownership rates for each of the past three years and are driving gains in the real estate market overall. By understanding the unique needs and expectations of the Hispanic community and positioning yourself to fulfill those needs, real estate professionals can become an important servicer of this consumer demographic and experience related growth.