Outside counsel’s fabricated citations expose a third-party oversight risk for mortgage servicers, trustees, and investors
Tagged: Compliance
AI’s potential depends on accurate, consistent, and trustworthy data — and mortgage companies must build that foundation first
NMP Ignite's Build-A-Broker Summit tackled the decisions that determine whether a new brokerage becomes a scalable company or a more demanding job
Two certifications move the industry’s FRAME initiative from governance guidance toward product-level validation and implementation
CEO Kelly Hendricks details how MaxClass and HomeQB are opening a new referral channel for originators
Critical defect rate jumps 23.9% as math-based compliance findings expose the potential for one systemic error to affect loans across a lender’s book
As FHFA moves to give Federal Home Loan Banks more flexibility, the trade group is renewing its push to give qualified independent mortgage banks access to FHLBank membership and liquidity
August 6 was an important contractual checkpoint. The more consequential deadline is the day a GSE, regulator, investor, warehouse lender, or plaintiff asks the institution to produce evidence that its AI governance actually worked
Fannie Mae’s new requirements put AI oversight into practice, giving lenders a clear starting point for identifying risk and building responsible governance
Seller/servicers using artificial intelligence in origination or servicing must have formal policies, oversight, and vendor controls in place