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On Staying Current

Appraisal Buzz

This means being able to author accurate, detailed, and relevant reports, make cogent and interesting presentations to groups of professionals of varying levels of experience; and participate in discussions with other appraisal and mortgage lending stakeholders. not take the same old classes cycle after cycle).

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Your roadmap to the ever-evolving landscape of mortgage regulations

Housing Wire

From tweaks in consumer protection laws to new lending standards and disclosure requirements, the goal is always to foster a clearer and fairer lending process. For example, ongoing updates to the Qualifying Mortgage Rule, which has been rewritten twice and may see another revision soon, have significantly shaped lending practices.

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OceanFirst Bank will pay $15M to resolve redlining allegations

Housing Wire

The initial complaint alleged that the bank “engaged in redlining by restricting access to credit and mortgage lending services in majority-Black, Hispanic, and Asian neighborhoods in the New Brunswick, New Jersey area,” adding that the alleged activity persisted from 2018 to 2022.

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Here’s how a mortgage coaching platform wants to carve out a niche in a competitive market

Housing Wire

The Loan Atlas niche is served by its coaching faculty, consisting of 19 top mortgage originators and executives from various lending companies, according to Braheem. Most of the faculty are anything from division presidents to regional managers to superstar loan originators. …

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Legal League: Paving the Path for Servicing Professionals

Appraisal Buzz

He gained significant expertise in lending law enforcement while serving in the Pennsylvania Attorney Generals Bureau of Consumer Protection, handling UDAP, Fair Debt Collection Practices Act (FDCPA), Real Estate Settlement Procedures Act (RESPA), and Truth in Lending Act (TILA) cases.

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CFPB ponders how well HMDA captures discrimination

Housing Wire

The agency asks for comment on whether the HMDA rule has “brought greater transparency to the mortgage market,” and whether it helps identify possible discriminatory lending patterns and enforcement of anti-discrimination laws. The agency also uses HMDA data to identify and call attention to systemic issues in mortgage lending.

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Opinion: The role of the LO will soon be very different

Housing Wire

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.