Pending suitability regulations leave mortgage lenders exposed to potential violations – NMP Skip to main content

Pending suitability regulations leave mortgage lenders exposed to potential violations

Jul 29, 2008

Radius Financial acquires EAI Mortgage GroupMortgagePress.comRadius Financial Group, EAI Mortgage Group, Jeff Pilon, Bob Case radius financial group inc., a mortgage banking firm based in Norwell, Mass., has announced the acquisition of Plymouth, Mass.-based EAI Mortgage Group. The acquisition is effective July 14 and the terms of the acquisition were not disclosed. EAI Mortgage Group was founded in 1998 by Jeff Pilon and Bob Case, both well known local Mortgage Brokers with exceptional reputations in the marketplace. The companies share a commitment to integrity and excellence and therefore were a natural fit for one another. In becoming part of radius, Jeff, Bob and the EAI Mortgage Group employees gain competitive advantage accessed through radius' mortgage banking platform. They are able to provide both residential and commercial mortgage financing solutions in the New England states and Florida. Jeff and Bob may be reached at [email protected] or [email protected]. Their office will remain on Resnik Road in Plymouth, Mass. For more information, visit www.radiusgrp.com.
About the author
Published
Jul 29, 2008
Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

CHLA Backs Bank Capital Proposal, Questions Impact On Mortgage Lending

Trade group supports lower mortgage risk weights but says broader market forces — not capital rules — drove banks' retreat from the market

Senate Passes 21st Century ROAD To Housing Act In 85-5 Vote

Sweeping housing package heads back to House after Senate clears final version with broad bipartisan support

MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

Underwriters Don’t Slow Down Loans. They Eliminate Uncertainty.

ndustry’s biggest bottleneck is not underwriting itself — it is the uncertainty that reaches underwriting too late in the process. When validation happens upstream, speed follows naturally.

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation