By Jonas Hoerler, Chief Regulatory Counsel, RegCheck & Diane Jenkins, Partner, Sandler Law Group Part One of this series discussed the role of states in filling the gap left by the current administration pulling back the role of the CFPB. Part Two will discuss how the courts and the mortgage industry itself may respond to […]
By Jonas Hoerler, Chief Regulatory Counsel, RegCheck & Diane Jenkins, Partner, Sandler Law Group For mortgage lenders and servicers as well as other players in the consumer financial services industry, it may truly be the end of an era. Since its inception, the Consumer Financial Protection Bureau (“CFPB”) has been a guiding force to the […]
The Challenge: Speed, Compliance, and Cost Efficiency In today’s mortgage market, lenders must close loans quickly, ensure compliance, and minimize costs while maintaining confidence in loan salability. The challenge? Traditional and often manual processes introduce errors, delays, compliance risks, and inefficiencies that can drive up expenses and jeopardize secondary market execution. With the combined capabilities […]
Recently, MISMO announced that its Mortgage Compliance Dataset (MCD) specification has reached “Candidate Recommendation” status and is ready for industry adoption. The road has been long to get to this point but the MCD is meant to address a key portion of the regulatory examination burden. The Need for MCD The regulatory examination process has […]
Washington, DC (July 9, 2024) – Asurity Mortgage Group, Inc. a subsidiary of Asurity Technologies, LLC (together “Asurity”), an innovator in the design and development of mortgage lending compliance software, is pleased to announce the integration of its Propel™ and RegCheck® solutions with Wilqo™’s ground-breaking Production Optimization Platform (POP), “Charlie.” The integration combines the industry’s […]
Washington, DC (June 5, 2024) – Asurity Technologies, LLC (“Asurity®”) today announced that Karol Villavicencio, Director of RegCheck® Operations and Product Management, has been named a recipient of the prestigious 2024 MBA NewsLink Tech All-Star Award. Since 2002, the MBA NewsLink Tech All-Star Awards have recognized and celebrated outstanding individuals who have made significant contributions […]
The mortgage process can be daunting, with its myriad regulations and requirements. Among these, the TILA-RESPA Integrated Disclosure (TRID) Rule, implemented by the Consumer Financial Protection Bureau (CFPB) in 2015, stands out for its impact on disclosure timing requirements for mortgage lenders. Similar to the fee tolerance requirements discussed in Part 1 of this series, […]
WASHINGTON, DC, March 14, 2024 – Asurity Technologies, LLC (“Asurity®”), a leader in consumer lending compliance software and advisory services, today announced that its RegCheck® system has been selected as the winner of the “Best Compliance Management Solution” award in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence […]
This is the first entry of a three-part refresher series covering various aspects of the TILA-RESPA Integrated Disclosure Rule. The TILA-RESPA Integrated Disclosure (TRID) Rule, implemented by the Consumer Financial Protection Bureau (CFPB) in 2015, revolutionized the mortgage industry by consolidating several forms and disclosures into two main documents: the Loan Estimate (LE) and the […]
Washington, DC (February 29, 2024) – Asurity Technologies, LLC (“Asurity®”), a leader in consumer lending compliance software and advisory services, announced today its Software-as-a-Service (SaaS) mortgage loan compliance solution — RegCheck® — now delivers enhanced TILA-RESPA Integrated Disclosure (TRID) capabilities. The Consumer Financial Protection Bureau's TRID rules reshaped the mortgage lending landscape, necessitating the implementation […]
