LOs who take leads with them can be a thorny subject. Examples: a former loan officer goes to work for your competitor and uses leads originally sourced from your company, or your newly hired top-producer is using leads acquired from his or her old employer. How you handle these situations can have major ramifications. Ray illustrates the issue with several scenarios. Learn the thought process that will help you make the best decisions.
Rich Horn is back to update us on the proposed TRID rule amendment that could, once and for all, fix the "black hole" - the costly problem faced by lenders when loan fees increase unexpectedly prior to closing.
When will lenders be permitted to issue a corrected CD rather than eat the higher fees? What is the right balance between consumer protection and fairness? Rich fills us in and "reads the tea leaves" about what might be in store for 2018.
We continue our discussion with Josh Weinberg about the challenges faced by lenders and loan officers that advertise on platforms like Zillow - which is facing possible enforcement by the CFPB for alleged RESPA violations.
Josh Weinberg (EVP and CCO of First Choice Loan Services) explains the challenges faced by lenders and loan officers that advertise on platforms like Zillow - which is facing possible enforcement by the CFPB for alleged RESPA violations.
With a spotlight on co-marketing agreements between LOs and real estate agents, learn more about the compliance risk posed by social media marketing and what you can do.
Lisa Klika (SVP and CCO of Guild Mortgage) walks us through the current state of cybersecurity defense and preparedness in the mortgage industry. Learn more about the existence of cybersecurity standards and the challenges posed to lenders from the chief compliance officer's perspective.