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LCG Launches Compliance Assistance Site
May 26, 2015
TRID Hotline

Lenders Compliance Group Inc. (LCG) has announced the launch of, a free service to residential mortgage lenders and originators involved in implementing TILA-RESPA Disclosure Integration (TRID). Recently, LCG established TEAM TRID, consisting of subject matter experts in all relevant areas of regulatory compliance, the purpose of which is to provide guidance in TRID implementation requirements.

“We decided to establish a no-fee outreach effort to financial firms involved in TRID implementation,” said Jonathan Foxx, president and managing director of LCG. “We want to listen to these companies! There are just too many pundits telling mortgage originators what they supposedly need to know. But these pundits are not listening to the specific needs of a financial institution. is our way of listening!” is a Web site that enables a user to send an e-mail to TEAM TRID. Its hours of operation are Monday-Friday, 9:00 a.m.-5:00 p.m. (EST), and inquiries are reviewed by members of TEAM TRID, is a compliance solution offered by LCG as a hands-on approach provided on a flat fee basis. Responses are generally arranged within 24-72 hours. In order to accommodate the number of inquiries, accepts a limited number of inquiries per company within a 30-day period.

“TRID implementation is coming soon, and we want to do what we can to help in this informal way,” said Foxx. “We believe that is one way to offer some compliance support to mortgage loan originators."

May 26, 2015
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021
CFPB Hits AAG With Complaint For Deceptive Marketing Of Reverse Mortgages

The Consumer Financial Protection Bureau filed a complaint and proposed consent order, which alleges that American Advisors Group (AAG) used inflated and deceptive home estimates to attract reverse mortgage consumers.

Regulation and Compliance
Oct 12, 2021
Waterstone Mortgage Names VP Of Compliance

Waterstone Mortgage Corporation named Kris Barros as the company's vice president of compliance.

Oct 08, 2021