[ad_1] Final yr was once a difficult one for opposite loan trade process, and it most likely hit nobody tougher than the trade’s front-line mortgage originators. After enduring demanding situations stemming from upper rates of interest, stricter {qualifications} and broader trade consolidation, mortgage officials appear to be positive about how issues have stepped forward within […]
Assured Fee Affinity sues former originators over complicated reimbursement
[ad_1] Assured Fee Affinity has initiated criminal motion towards former mortgage originators, accusing them of breaching contracts through failing to pay again complicated signing bonuses and commissions when they left the corporate. Two nameless assets instructed HousingWire that more than one former staff have won calls for from the corporate to go back their reimbursement. […]
CFPB ‘quietly’ affirms strengthen for HUD counselors partnering with loan originators
[ad_1] The Client Monetary Coverage Bureau (CFPB) closing week made a quiet exchange to its steerage associated with the Actual Property Agreement and Procedures Act (RESPA), putting forward that loan originators who spouse with U.S. Division of Housing and City Building (HUD)-approved counselors can use charge for pre-purchase counseling and homeownership schooling services and products. […]