Mortgage Document Prep

Mortgage Document Prep
Having fulfilled in excess of 800,000 residential mortgage loan packages since our inception in 1997, more than 250 financial institutions, federal and state chartered banks, mortgage bankers, brokers and credit unions rely on our expertise for quick, accurate, and compliant residential mortgage closing documents throughout all 50 United States and the District of Columbia.

Loan Fulfillment Services

Loan Fulfillment Services
Rely on our online loan fulfillment services so you can focus on growing your own business instead of detailed and expensive back office operations. We take care of clearing all pre-closing, closing and funding conditions, preparing loan documents to client’s specifications, HUD-1 review and approval, ordering the wire, funding, monitoring trailing documents, clearing stipulations and deficiencies, and shipping and stacking the closed loan package.

Mortgage Law Compliance

Mortgage Law Compliance
With over 200 years of combined legal experience, our attorneys formerly served as executives at large mortgage companies, former general counsel to large lending institutions, judicial clerks, and have even aided in the drafting of instrumental legislation affecting mortgage law. Our attorneys are leaders in the field of mortgage law and regularly teach mortgage professionals about changes affecting the mortgage industry.

Recently Published News Articles

Mortgage Servicing Rules – Proposed Amendments

Published on Monday, November 24, 2014 in Client and Friends Memo
On November 20, 2014, the Consumer Financial Protection Bureau (CFPB) issued a proposed rule proposing amendments to the Mortgage Servicing Rules (MSR) under Regulation X (12 CFR part 1024) and Regulation Z (12 CFR part 1026). The proposed rule, including the CFPB preamble explaining the proposed amendments, is almost 500 pages. The CFPB also issued a seven page summary of these proposed amendments. 

Credit Risk Retention Final Rule

Published on Friday, November 21, 2014 in Client and Friends Memo
On October 22, 2014, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission (“SEC”), and, with respect to residential mortgage assets, the Federal Housing Finance Agency (“FHFA”) and the Department of Housing and Urban Development, (collectively, the “Agencies”) issued a joint final rule (the “Final Rule”) that implements the credit risk retention requirements of section 15G of the Securities Exchange Act of 1934 (the “Exchange Act”), as added by section 941 of the Dodd-Frank Act, Public Law 111-203.  The rule was initially proposed in April 2011, and re-proposed in September 2013 with significant modifications based on industry and public comments.  The Final Rule largely tracks the language of the re-proposed rule, with the exception of the cash flow restrictions, which the Agencies did not adopt.

CFPB Bulletin 2014-03 on Social Security Disability Income Verification

Published on Thursday, November 20, 2014 in Client and Friends Memo
On November 18, 2014 the CFPB issued Bulletin 2014-03 to remind lenders against discrimination in connection with verification of Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI) income (herein collectively referred to as “SS income”) received by mortgage applicants. To view and/or print the bulletin in full, click this hyperlink. Below is a brief summary of the main points of the bulletin:
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