Vertice introduces high-LTV offering

Jul 12, 2007

Lender Lead Solutions launches reverse mentoring programMortgagePress.comReverse mortgage training Lender Lead Solutions (LLS) has launched its reverse mentoring program, consisting of on-site training and ongoing advisory services designed to assist traditional brokerage firms in developing reverse mortgage lending origination operations. The program includes specific content for sales and operations personnel, as well as individualized guidance from LLS staff. Melville, N.Y.-based Lender Lead Solutions, a division of Vertical Lend, is a reverse mortgage services company. For more information, call (888) 775-3631 or visit www.lenderleadsolutions.com.

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Jul 12, 2007

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...

Analysis and Data

Every Dollar A Fraudster Makes, A Financial Firm Loses $4.41

U.S. investment firms and credit lenders see a 9% annual increase in the financial impact of fraud.

Overall fraud increased at least 6% for 63% of financial firms within the past year, with digital channels accounting for half of the overall fraud losses, according to LexisNexis True Cost of Fraud Study: Financial Services and Lending Report — US and Canada Edition. U....