MRG Document Technologies (MRG), a provider of mortgage technologies to banks, credit unions and other lenders, has announced that it has appointed Kathleen Mantych as senior marketing director, where she is responsible for the development of new customer and alliance partner relationships. Bringing more than 20 years of experience to her new role, Mantych has held several sales and product management positions with mortgage technology providers.Read more

Wolters Kluwer Financial Services has added new functionality to its StateLink tool to help mortgage lenders prepare to comply with pending state and federal regulatory changes. StateLink, which provides actionable information on enacted and pending legislation, will now offer lenders additional clarity about legislative changes before they take effect. A Web-based compliance knowledge base, StateLink monitors regulatory requirements surrounding first mortgages and closed-end second mortgages, such as those tied to disclosures, fees and recordation.Read more

As new regulations are set to take effect at the beginning of 2010, Lenders One Mortgage Cooperative, a national alliance of more than 150 independent mortgage bankers, has taken steps to ensure its members have the information and processes in place that are needed to comply with the SAFE Act and the Real Estate Settlement Procedures Act (RESPA). “As many financial institutions scramble to understand the regulations and what to do in preparation for the upcoming changes, we are providing our members with all of that information from a single source,” said Scott Stern, CEO Read more

The U. S. Department of Housing & Urban Development (HUD) has issued an update to its publication, New RESPA Rule FAQs. These revisions contain new and complex regulations, affecting many aspects of mortgage loan originations, and with most of the regulatory changes scheduled to take full effect on Jan. 1, 2010. The New RESPA Rule FAQs are comprised from industry questions and issues. This most recent update contains several new answers to industry questions plus a new section for reverse mortgages.

Updates to the RESPA FAQs include: Read more