Fair Servicing Challenges Today
Loan servicers currently operate between a rock and a hard place. Borrowers want high-quality service. Regulators demand that products and services are provided fairly and equitably.
CFPB Files Discrimination Suit Against Non-Bank Lender
On July 15th, the Consumer Financial Protection Bureau (CFPB) filed suit against a non-bank lender based in Chicago, alleging violations of the Equal Credit Opportunity Act (ECOA); its implementing regulation, Regulation B; and the Consumer Financial Protection Act (CFPA).
Asurity Announces The Launch of RiskExec’s Proprietary Fair Servicing Module
RiskExec adds Fair Servicing into its leading reporting and analysis platform for HMDA, CRA, and Fair Lending.
CFPB Announces Proposed Rulemaking on GSE Patch
The CFPB announced two separate notices of proposed rulemaking to address the coming expiration of TILA qualified mortgage (QM) status for the ‘GSE Patch.
Asurity’s Senior Vice President of Client Development Christina Jenkins Recognized As HousingWire 2020 Woman of Influence
HousingWire announced its 2020 Women of Influence Award winners including Christina Jenkins, Senior VP of Client Development at AsurityDocs and Partner at Sandler Law Group.
CFPB Releases Revised ECOA Valuations Rule Factsheets
The CFPB recently published two Factsheets outlining lender obligations under the Equal Credit Opportunity Act (ECOA) Valuations Rule.
2019 HMDA National Snapshot LAR Files Integrated Into RiskExec
Asurity announced on June 29, 2020 the immediate integration of the 2019 Home Mortgage Disclosure Act (HMDA) National Snapshot LAR files made available by the Consumer Financial Protection Bureau (CFPB) on Wednesday, June 24, into its RiskExec platform.
Fair Lending Compliance in the Time of COVID-19
With COVID-19 still top of mind for most, lenders cannot afford to assume that concerns of fair lending compliance will fade away.
MISMO Announces Certification Program for Remote Online Notarization
On April 22nd, MISMO announced a certification program for remote online notarization providers, designed to increase adoption of RON-enabled digital mortgage closings.
CFPB Issues Request for Information to Assist Consumer Financial Protection Law Taskforce
On March 27th, the CFPB issued a public request for information (RFI) to obtain input on areas where it should focus its research and analysis. The comment period ends on June 1, 2020.