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Mortgage Loans: To Sell or Not to Sell

Mortgage Loans: To Sell or Not to Sell

We decided to take a look at lenders that have the option to sell loans as well as portfolio to see what we can learn about their decisioning and selection process.  Happily, we have access to LendingPatterns™. The robust peer selection tool allowed us to create a...

Elements to Consider Before Selecting a Fair Lending Analytical Tool

Elements to Consider Before Selecting a Fair Lending Analytical Tool

When it comes to evaluating compliance with fair lending laws, you want a tool that will conduct widespread and effective evaluations based on the FFIEC risk factors. Although there are many tools on the market, be sure to consider these 6 elements before selecting a...

How to Avoid HMDA Reporting Pitfalls From Industry Experts

How to Avoid HMDA Reporting Pitfalls From Industry Experts

The public's interpretation of HMDA data depends on lenders' consistent application of Reg C, and failure to comply with Reg C could bring stiff penalties from regulatory agencies.  ComplianceTech is looking out for HMDA filers in their efforts to ensure perfect HMDA...

Top Priority Events for Your Fair Lending Strategy in 2020

Top Priority Events for Your Fair Lending Strategy in 2020

The year 2020 has just started, and this is the perfect time for businesses to plan out their seminars and conferences in the new year. Do you know where to send your staff for the best information to grow your financial institution? Here are just a few of the best...

Proposed Changes to Community Reinvestment Act Regulations

Proposed Changes to Community Reinvestment Act Regulations

A proposed CRA rule change may affect banking practices and standards for lending. Here’s what you need to know about these recommended regulations. What is the Community Reinvestment Act? The Community Reinvestment Act (CRA) was enacted in 1977 to motivate financial...

Increase in FHA Mortgage Limits for 2020

Increase in FHA Mortgage Limits for 2020

If you’re lending funds to future homeowners in 2020, an increase in FHA loan limits in your local county may impact your daily operations. What is FHA? The Federal Housing Administration (FHA) provides mortgage insurance on loans made by approved lenders, like you,...

2019 year-in-review in the world of HMDA

2019 year-in-review in the world of HMDA

Like last year, I want to write another blog to recap the year’s HMDA developments and look ahead to what’s coming in 2020. This year’s blog will summarize three different fronts: 1) data collection, 2) Reg C changes, and 3) disclosure of public data. In each area,...

Understanding Home Purchasing Trends with Mortgages in 2018

Understanding Home Purchasing Trends with Mortgages in 2018

Mortgages are the key for millions of families trying to reach their dreams of owning a home and are often the most popular financial products sold by institutions. But when planning your company’s operations for the next few years, how do you make sure your products...

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