The federal law putting into place education, registration and — for non-depository originators — licensing requirements, applies only to human beings. Yet, don’t count on an all-automated loan happening anytime soon. Processing Content The conclusion comes from a new Mortgage Bankers Association white paper, written by the law firm of Orrick, Herrington & Sutcliffe, titled […]

The leading mortgage industry procedural standards organization provided an update to appraisal specifications, aligning them to a change in reporting rules governing data delivery that become mandatory this year.  Processing Content The Mortgage Industry Standards Maintenance Organization made changes to its Property and Valuation Services procurement dataset specification this week in a move that will