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Featured Articles

Mortgage Marketing Compliance: Are You Exposed?


Modern compliance regulations have changed the complexion of the mortgage industry in its entirety. From the ways in which we can lend to the ways in which we can market, government oversight has added a uniquely challenging component to how we conduct every aspect of the business.Click to continue

An NMP Exclusive: An Interview With Paul Anastos, President of Mortgage Master, a Division of loanDepot LLC


Paul Anastos is president of Mortgage Master, one of the country’s largest privately-owned mortgage companies headquartered in Walpole, Mass. The company, founded by Leif Thomsen in 1988, just agreed to merge with loanDepot LLC the nation’s second largest non-bank consumer lender.Click to continue

RESPA/TILA Integration Part I: Overview and Loan Estimate


This first of a four-part series will introduce the RESPA/TILA Integration and treat the numerous features of the Loan Estimate. In the second part of the series, I will detail the features of the Closing Disclosure. The third part will be a detailed analysis of the Loan Estimate. The fourth part will provide an in depth scrutiny of the Closing Disclosure.Click to continue

Changing of the Guard: Are You Prepared for Millennials to Become the Future of Mortgage Lending?


Lenders are still trying to figure out how to recapture the glory days of the mid-2000s. According to the Mortgage Bankers Association (MBA), the number of first-time homebuyers has substantially decreased over the past decade. With the percentage of first-time homebuyers at 10 percent below average, experts are forecasting a desolate outlook for lenders that is likely to have long-team effects on the industry.Click to continue

Lykken on Leadership: Creating a Winning Culture ... Charisma

Business Handshake/Credit: Creatas Images

He quietly approaches the lectern as the crowd of thousands looks on to hear the business mogul pass on his advice to the next generation. He is wearing a robe to match the others with whom he shares a stage, but they are used to seeing him in blue jeans. He begins to speak.Click to continue

USA Patriot Act: Information Sharing and Disclosure

American Flag Home Pic/Copyright: Getty Images/Credit:

Question: As a non-bank residential mortgage lender and originator, I know that our company is now required to file SARs with FinCEN, but are we also subject to the information sharing and disclosure provisions of Sections 314(a) and (b) of the USA PATRIOT Act? 

Answer ...
Yes as to both 314(a) and (b). Click to continue

Identity Theft Prevention: Interagency Guidelines


Question: We are a bank and we are particularly interested in the Interagency Guidelines relating to identity theft prevention. What do these guidelines say about detection, prevention and mitigation?Click to continue