Al Drago/Bloomberg What’s at Stake: The bureau acknowledges that the elderly, minorities and people with low incomes may be harmed by the changes. Expert Quote: The proposed rule “will effectively invite a return to redlining and exclusion,” said Jesse Van Tol, president and CEO of the National Community Reinvestment Coalition. Key Insight: The CFPB claims the […]
CFPB to gut indirect discrimination in civil rights rule Read More »
Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Andrew Harrer/Bloomberg Key Insight: The five-year consent order that was settled in late 2023 was ended nearly three years early by the Trump administration. Supporting Data: TransUnion already paid a $5 million-dollar fine and $3 million in
CFPB makes early exit from consent order against TransUnion Read More »
Ocrolus, an AI-powered data and analytics platform for credit decisioning, recently announced it’s adding automated conditioning to its suite of products. The new solution allows mortgage lenders to move faster, increase loan quality and reduce compliance risk. The new capabilities, announced at the Mortgage Bankers Association’s Annual Convention and Expo in Las Vegas in mid-October,
Ocrolus adds automated conditioning to mortgage tools Read More »
Rechat announced a new integration with Loft47 — a commission management and back-office automation system — with an aim of simplifying brokerage operations from deal creation to agent payouts. “Our integration with Loft47 reinforces our commitment to giving brokerages the flexibility to choose the tools that best fit their workflows,” said Shayan Hamidi, CEO of
Rechat, Loft47 partner to streamline brokerage operations Read More »
Valuation management form Atlas VMS has appointed Trey Cole as vice president of client engagement for its AIM-Port Platform Solutions Division. In his new role, Cole will focus on strengthening customer relationships, expanding client-focused initiatives and promoting adoption of the AIM-Port platform across the country. AIM-Port — Atlas VMS’s flagship order management system — was
Atlas VMS hires Trey Cole to lead client engagement for AIM-Port Read More »
Radius — a brokerage platform for real estate teams — has launched Mel AI, a built-in artificial intelligence (AI) assistant designed to support tasks across marketing, lead management, transaction oversight and compliance. Mel AI is integrated throughout the Radius platform, which provides tools and infrastructure for managing real estate businesses. AI is trained on MLS
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Amid a new administration and new lending rules entering the arena, 60% of organizations say they are struggling to keep systems aligned with evolving federal and state rules. That’s according to new survey findings from Carleton, a provider of compliant loan calculation and disclosure solutions. The company evaluated the extent to which lenders face ongoing
Mortgage compliance challenges affect 60% of lenders Read More »
Compliance software provider Advalis has launched a new version of its platform designed specifically for title companies, escrow officers and settlement agents facing the upcoming Financial Crimes Enforcement Network (FinCEN) Residential Real Estate Reporting Rule. The rule, which takes effect Dec. 1, will require reports on certain all-cash real estate transactions — essentially expanding what
Advalis CEO speaks on expanded FinCEN compliance platform Read More »
WFG National Title Insurance Co. has been added to Fannie Mae’s list of approved title insurers for multifamily transactions. The designation means lenders and borrowers using WFG for Fannie Mae–financed multifamily deals can avoid delays caused by policy exceptions or compliance issues. Fannie Mae requires approved insurers to meet financial strength, quality and coverage standards
WFG National Title added to Fannie Mae’s multifamily approval list Read More »
Mortgage lenders deploying artificial intelligence should prepare now for Colorado’s comprehensive AI law that will take effect in February 2026 and rethink how they manage compliance risk. That’s according to Mike Brown, chief product officer at Xactus, and Wendy Lee, managing partner at LOGS Legal Group, who appeared on stage this week at HousingWire‘s AI
Mortgage lenders urged to build AI compliance foundations Read More »