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7 Pillars of Success for New Compliance Officers

imaGuest Post Image with author's headshot, name and titlege-card_Roger-Fendelman3-01
Over the years, I’ve noticed that small lenders tend to grow their compliance function from within by staffing it with processors, underwriters, closers or other operations professionals with no compliance experience to speak of. While those individuals may have a mastery of their roles, they’re usually unprepared when it comes to understanding the interplay of…
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John Vong, CMB, CMT, on eExams and Lending Compliance

John Vong, CMB, CMT, is president and co-founder of ComplianceEase, Burlingame, Calif., and a frequent contributor to MBA NewsLink. He can be reached at j.vong@complianceease.com. MBA NEWSLINK: Last fall, state and federal regulators took the unusual step of publicly calling on the real estate finance industry to integrate state-developed data standard with mortgage loan origination…
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Maximizing VA Lending in Today’s Mortgage Environment

With mortgage origination volume expected to remain flat this year and the cost to originate reaching $8,611 per loan in Q4 2018, according to the Mortgage Bankers Association (MBA), many bankers are struggling to compete in today’s environment and cannot afford to turn away any opportunities. Even though they only represent approximately 10 percent of…
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