Items Tagged with 'loan defects'


  • Mortgage defects fall for first time in a year as TRID issues subside

    New ARMCO report shows regulatory/compliance defects falling in Q2

    Earlier this year, a report from ACES Risk Management shows the rate of serious mortgage defects on the uptick from the moment TRID started. Now, a new report from ARMCO shows that as the mortgage industry becomes more accustomed to operating in the post-TRID world, serious mortgage defects are actually declining.

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  • Mortgage defects are skyrocketing. The cause? TRID

    New ARMCO report shows critical defect rate rising since TRID implementation
    As the mortgage industry approaches the one-year anniversary of the October 2015 implementation of the Consumer Financial Protection Bureau’s new TILA-RESPA Integrated Disclosure rule, there is little doubt that the impact is still being felt. In fact, a new report provides some potentially alarming insight into the impact of TRID on lenders.
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  • ComplianceEase now offering warranty for compliance defects

    New program provides TRID, QM compliance insurance
    ComplianceEase is now offering a warranty program for loans that are found to have compliance defects. The program, called AssureCert, is a comprehensive insurance-backed warranty program for loans that have been audited by ComplianceEase’s ComplianceAnalyzer solution.
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