Banking, lending, and other financial institutions are required to remain in compliance with a long list of regulations, including those established by the Community Reinvestment Act (CRA) of 1977. Regulatory compliance today, however, is more complicated now than it might have been in 1977 when this legislation was first enacted. Years of examination and the […]

Understanding fair lending exposure and what it means for your bank or financial organization is essential to managing discriminatory risks and remaining compliant. Having the right fair lending software can significantly impact a lending institution’s ability to monitor potential fair lending risks across the entire enterprise. Let’s explore the most important features to consider when […]

Understand the generational effects of illegal redlining in real estate and the best practices to stay in regulatory compliance with redlining laws.

Learn about the five most common mortgage fraud types, the red flags to detect and prevent them, and how to report them.

For more than a decade, innovation in the mortgage industry has lagged behind other sectors being transformed by the fintech revolution. Now the time for change has come. Unless you are Rip Van Winkle, you’ve been inundated by messaging about the ongoing digital transformation, and perhaps worried you are missing the boat. However, an organization […]

The Uniform Residential Loan Application can be complicated for both the borrower and the lender, especially when it comes to staying up-to-date on the new changes to the application and what they mean. In this blog post, we’ll explore what the Uniform Residential Loan Application is, the recent updates to the application, and what these […]

An individual’s homestead may only be encumbered in Texas if it is an encumbrance specifically authorized by the Texas Constitution.

While neither candidate for president has really focused on housing and fair lending laws during his campaign, no matter who takes office in 2021, the future of housing finance could look quite different over the next few years.

Loan servicers currently operate between a rock and a hard place. Borrowers want high-quality service. Regulators demand that products and services are provided fairly and equitably.

With COVID-19 still top of mind for most, lenders cannot afford to assume that concerns of fair lending compliance will fade away.