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Get Ready Now for January 2010 RESPA Changes
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 It's been an extremely busy year for mortgage lenders and those in the mortgage compliance business. We have seen a flurry of state activity related to SAFE Act implementation and many lenders have had to scramble to get processes and procedures in place to comply with changes to Regulation Z made by the passage of the Mortgage Disclosure Improvement Act.
In October more changes will become effective and new rules will be implemented for "higher priced mortgage loans." Then on January 1, 2010 the biggest change will be effective. |
ConformX Adds Batch MERS Registration
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 The newest enhancement to ConformX is the ability to batch submit loans for registration with MERS. In yet another step towards making ConformX a one-stop shop for all your loan processing needs, you can now submit up to 100 loans at a time to be registered with MERS.
The registration process provides for immediate registration and feedback as to the success and/or failure of each registration request across the entire batch submission, in an easy to use and understand user interface. READ MORE 
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Automated Underwriting Technology Improves Loan Quality
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There's no denying the fact that underwriting is one of the most important components of a lender's business. Underwriting determines the quality of loans that are sold to investors and contributes directly to a lender's profitability. But underwriting is a labor intensive task that requires experienced and knowledgeable personnel, and quality underwriters do not come cheaply. In addition it's an ongoing challenge for lenders to make sure their underwriting department is staffed appropriately. When volume is high, they don't want their underwriters overworked because it can lead to delayed approvals or costly mistakes. But when volume is low, they don't want to pay underwriters to sit at their desks idle. READ MORE
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