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August 24, 2020

It has been a long hot summer for the mortgage industry and the COVID-19 requirements are keeping us sizzling.Radiating from all agencies and investors, there have been multiple updates offering continuing origination guidance issued by the Government-Sponsored Enterpr...

May 12, 2020

With escalating unemployment, furloughs, wage reduction and an overall lack of certainty in respect to the U.S. job market, income and employment risk is at the height of volatility. What began as the absence of 4506-Ts for income verification, has evolved into the tem...

April 2, 2020

In our initial COVID-19 blog we touched on process triage, as well as preliminary origination and servicing guideline changes and relief options.  More updates are occurring at a rapid pace as both the industry and government agencies strive to stay in front of the pro...

September 11, 2019

Earlier this summer the Office of the Comptroller of the Currency recently released bulletin 2019-37, which provides supplemental guidance on corporate and risk governance, specifically targeting the management of fraud risk.  The OCC has issued these principles in an...

October 18, 2018

As the mortgage industry continues to move towards a digital environment, there is a growing need to improve upon the granularity of available data. Driving for improvement in credit risk, evolving data standardization and defect taxonomy, logically leads industry part...

September 20, 2018

The post-financial crisis environment has supported the mortgage industry’s adoption of the digital era. With the advancement of the Mortgage Industry Standards Maintenance Organization (MISMO) and the Uniform Mortgage Data Program (UMDP), industry stakeholders have ga...

May 11, 2018

Quality Mortgage Services (QMS) has announced a significant upgrade to the industry-proven quality control audit platform, MARS, Mortgage Analyst Review Software. The new MARS system enhancements represent QMS’ most recent efforts to help solve industry compliance obst...

February 6, 2018

Mortgage fraud is a never-ending concern for lenders and servicers alike.  Schemes and fraudsters come and go, as do market conditions, but exposure to fraud risk is a constant.  Post financial crisis, our industry is much more focused on checking the checkers.  We’ve...

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August 24, 2020

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