On January 22, 2015, the Consumer Financial Protection Bureau (CFPB) took significant RESPA enforcement action against two of the nation’s largest banks for alleged illegal kickbacks paid to loan officers or underwriters who selected title suppliers. Are you still allowing loan officers to select their preferred title or closing agent?
If so, why? Don’t take this...
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Blog
What do Fannie Mae CU changes mean for you?
January 20, 2015
As of January 26, 2015, Fannie Mae is making its Collateral Underwriter tool (Fannie Mae CU) available to lenders and appraisal management companies, enabling them to take full advantage of this application for quality control and risk purposes. This action moves appraisal risk, data integrity, and overall appraisal quality from the back end of the...
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Accurate Group 4th Quarter Technology Update from our CIO
January 7, 2015
We understand that technology plays a large role in our effectiveness as your vendor and increases our ability to make you and your operations a success.
Our goal is to be your most dependable provider.
For the 4th quarter, Accurate maintained 100% uptime on all client facing systems and interfaces. For the full year of 2014 we...
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Don’t fall into the dodgy appraisal fray
December 2, 2014
In today’s Wall Street Journal, an article titled “Dodgy Home Appraisals Make a Comeback” was front page news and created quite a stir online. The article references statements made by the Office of the Comptroller of the Currency (OCC) dating back to September 2013, when it summarized the results of lender examinations conducted...
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