Property Valuation, Risk Mitigation and Earning Customer Confidence

With mortgage rates still near historic lows and the shift to a purchase market, it is more important than ever for lenders to qualify borrowers appropriately.

In order to improve loan quality, lenders should evaluate a borrower’s potential undisclosed debt and determine the appropriate valuation for the property.

Compliance is Not the Issue


The adoption of technology can counter some of the unintended consequences of today’s complex mortgage environment.  Keeping up with consumer demand for an electronic mortgage process not only provides a significantly better experience for the prospective borrower but also incorporates cost saving processes for a lender. In this article, Equifax’s Jeff Knott discusses how electronic [Read More…]

Clearing the Way for Electronic Signatures

Electronic Signature Security

Scotsman Guide recently published an article online, “Clearing the Way for Electronic Signatures” by Jeff Knott, assistant vice president, Equifax Verification Services, giving an overview of the FHA’s announcement about its expanded acceptance of electronic signatures and what it means for the mortgage industry. As those in the mortgage industry know, before the Department of Housing [Read More…]

How do you Manage ATR for HELOC Originations?

Mortgage Loan Origination QM/ATR Compliance

During a recent webinar discussing best practices for achieving QM/ATR compliance, we asked over 500 attendees how they manage ATR for HELOC originations, with the possibility to choose from three responses: No verification of income Verification of income for line amounts over a $-threshold Verification of income for all HELOC originations 87 percent of respondents [Read More…]