By Diane Jenkins, Attorney and Director of Legal, Asurity As most servicers are well aware, the Consumer Financial Protection Bureau (CFPB) recently issued new proposed servicing rules essentially overhauling the existing loss mitigation process.  The existing rules governing mortgage servicing have been in place since 2014 and include rigid timing and documentation requirements servicers must […]

By Diane Jenkins, Attorney and Director of Legal, Asurity The determination of a home’s value is a critical step in the mortgage process as it determines how much a lender is willing to extend to a borrower and on what terms.  In general, the valuation is done through an appraisal which is intended to be an […]

Compliance risk assessments are the backbone of an effective compliance management system (“CMS”). They enable active risk management by identifying and measuring compliance risks both inherent and realized across the institution.  In addition, they inform monitoring and testing schedules, dictate the types and amounts of resources (both human and technological) allocated by the institution, and […]