Cell Side: Mobilizing the Smart Phone Banking Experience

Mobile Banking

With banks digging deep in their pockets for additional smart phone banking funds, here are five takeaways on consumer mobile banking demands.

 Credit Training: A Major Focus at the 2015 NABD Best Practices Conference

shutterstock_187292108

Lack of available credit training is an issue affecting the buy here, pay here (BHPH) dealer community across the country, and has resulted in these dealerships not getting the full benefit of the data available on the consumer credit file. For many dealers, qualifying buyers is an uphill battle, one they don’t know if they [Read More…]

Webinar: Leveraging eSignatures for Better Compliance in Mortgage Lending

Mortgage eSignature Webinar Blog Header

Webinar:  Leveraging eSignatures for Better Compliance in Mortgage Lending Date: Tuesday, January 27, 2015 Time: 1:00 PM ET Hear the legal counsel to the Electronic Signature and Records Association (ESRA) discuss both best practices for incorporating electronic records throughout the life of a mortgage loan, as well as the power of electronic signatures as a [Read More…]

WOTC: Processing 2014 Certification Requests

Washington Monument

In light of the retroactive renewal of WOTC as part of the Tax Increase Prevention Act of 2014, the Department of Labor has issued internal guidance to the State Workforce Agencies on processing of 2014 certification requests.  The guidance instructs the Workforce Agencies to begin making determinations for all certification requests for hire dates in [Read More…]

WOTC Back in Hiatus

WOTC hiatus

As of January 1, 2015, the Work Opportunity Tax Credit (WOTC) is back in hiatus.  Previously, WOTC was retroactively renewed to allow certifications for all hires made in 2014.  During hiatus all WOTC form filing rules and guidelines are in force.  The State Workforce Agencies will be accepting certification request, marking them as received timely, [Read More…]

Latest HMDA Data Suggests 3 New Trends in the Mortgage Industry

Recently released 2013 HMDA data suggests 3 new trends in the market.

The latest HMDA data is out. Read on to find on what important trends are appearing in the mortgage industry.

Dodd-Frank Act Requirements Force Mortgage Lenders to Get Creative

The Dodd-Frank Act makes non-qualifed borrowers more of a legal risk.

The Dodd-Frank Act is making it harder to lend to non-qualified borrowers. Read on to find out how you can still safely lend to this market.

Selling Mortgage Loans? Time to Brush Up on the New Laws

The Dodd-Frank Act continues to grow. Among its provisions and amendments are new compliance requirements for mortgage lenders.

Under the Dodd-Frank Act, mortgage loans now require stricter qualifications from lenders prior to approval to meet compliance standards.

WOTC Renewed!

Barack Obama WOTC Renewal

The President has signed into law the Tax Increase Prevention Act of 2014 that extends the Work Opportunity Tax Credit (WOTC) retroactively from Jan 1, 2014 through December 31, 2014. The measure also includes a retroactive extension of other federal hiring credits – both the Federal Empowerment Zone and Indian Employment Credits. This positive result [Read More…]