Broker-originated and direct private lending move risk to different places. Broker-originated lending trades borrower-acquisition cost for SAFE Act licensing exposure, RESPA Section 8 review, and indirect fraud risk. Direct lending eliminates third-party compliance overhead but raises borrower-acquisition cost and concentrates underwriting risk inside the [...]
Note Servicing Center cut its broker-channel onboarding workflow from a 45-minute paper-driven review to a 1-minute automated handoff. The change replaced manual document inventory with rule-based intake, kept human review on the highest-risk exceptions, and gave lenders a faster path to first submission without [...]
Vetting a mortgage broker's license takes about fifteen minutes the first time and five minutes on every recurring check. Pull the NMLS record, confirm the state authority for the property's jurisdiction, read the disciplinary history, verify the sponsoring company, and save the dated PDF [...]
Before you fund a single broker-originated loan, get clear answers on seven items: license status, state authority, document QC, fraud responsibility, fee structure under RESPA Section 8, trust-account discipline, and the SAFE Act exemption you intend to rely on. Skip any one and you [...]
Redfin enhances its offerings with Early Access listings from both its Coming Soon and Compass brands, potentially increasing inventory by 12%, benefiting private lenders.
CCP stays intact while MLS enforcement weakens as MRED grows. Compass reduces Zillow feeds, and Zillow responds with an antitrust lawsuit.
MBA President Bob Broeksmit urges regulators to reassess costly rules, emphasizing the need for policy adjustments as mortgage rates remain elevated.
Brody Gapp has introduced a mortgage AI governance audit practice and is set to release a comprehensive Mortgage Bankers AI Governance Guide soon.
A buyer's agent highlights potential antitrust and ethics concerns after a listing agent mandates specific compensation forms and demands buyer agreements.
Pending sales increased to 78,006, with a 7% rise in purchase applications year-over-year, despite high mortgage rates and yields nearing 4.60%.
