Using Worksheets In Initial Disclosure Packages|
Worksheets seem to be an item of interest among mortgage originators since the implementation of the new Good Faith Estimate at the beginning of the year. DocuTech's compliance department has received many inquires about worksheets and recently HUD has given some guidance for those wishing to use worksheets in their initial disclosure packages.
This short article will describe the uses for worksheets and review some of the recent instructions from HUD about how to properly use worksheets during the origination process. READ MORE
DocuTech Provides Insight on E-Closings and Compliance Issues|
DocuTech is a trusted resource for the mortgage industry, and our staff are constantly providing insight and advice through interviews and articles in the press. Did you miss us? Below are some of the highlights we have shared with lenders just like you this year. READ MORE
|Fred Gooch Article Featured in National Mortgage Professional|
New lending regulations fall under two umbrellas-clarifying what constitutes a higher priced, high-cost or predatory loan and reforming the rules to disclose the costs of a mortgage. To avoid penalties for inadvertently funding a high-cost loan or messing up a disclosure, lenders must understand what the rules mean. More importantly, they need to implement systems to reduce the risk of funding a high-cost loan and improve the distribution of initial disclosures.
DocuTech's Fred Gooch explains these regulations and outlines how they can reduce risk in the April issue of National Mortgage News. READ MORE