As a mortgage lending professional, your job is to make loans to qualified borrowers.
Are compliance concerns cutting into your productivity?
In the very near future, you will be able to download DocMagic's FREE eBook "Navigating the Regulatory Landscape". In the eBook, you will see how we handle complex regulatory and compliance issues. It also describes how DocMagic is preparing for upcoming regulatory changes imposed as the result of the Dodd-Frank Act, and describes audits implemented to comply with RESPA 2010. This is including but not limited to the Zero Tolerance and 10% Tolerance Thresholds. We've also provided an article describing the update to those audits based on the RESPA Technical Corrections and Clarifying Amendments (*amendments") that were effective on August 10, 2011 and an article describing alternate programming subsequently implemented to the HUD-1 to accommodate an alternate interpretation of the amendments.
More details to follow regarding the new eBook in our future blog articles.