Items Tagged with 'loan originator'

ARTICLES

  • NAMB urges CFPB to re-examine policies

    Asks bureau to develop process to reclassify consumers’ submissions
    The National Association of Mortgage Brokers recently asked the Consumer Financial Protection Bureau to address immediate changes needed within the Consumer Complaint and Consumer Inquiry Handling Processes. NAMB states that the bureau falsely reported that consumers were experiencing extensive issues with mortgage brokers, but 90% of complaints were registered against lender and bank loan originators, not mortgage brokers.
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  • Calyx Software launches borrower loan interview solution Zip

    Prospective borrowers can interview online or via a mobile phone device
    On Thursday, mortgage software solution provider Calyx Software announced the launch of Zip, a new loan interview platform for loan originators to use with prospective borrowers. Calyx explains that Zip was developed with “today’s borrower in mind,” and allows LOs to interview prospective borrowers via a custom, branded URL.
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  • House approves changes to TRID rule, loan originator licensing rules

    Bill brings changes to SAFE Act rules for nonbank originators
    The House of Representatives last night approved a bill that could bring big changes to the mortgage industry, including making it easier for loan originators to move from a traditional bank to a nonbank. The bill would also bring changes to the CFPB’s TRID rule. Here are the full details.
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