Archive for 'Uncategorized'

CFPB 2.0

Below is the CFPB 2.0 link with updated rules and guidance.

https://www.mba.org/issues/residential-issues/cfpb-20-advancing-consumer-protection

 

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New Fannie Mae Selling Guide Available (May 30, 2017 Revised Version)

https://www.fanniemae.com/content/guide/sel053017.pdf

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Revised FHA Form 92900-A – has to be used with loans receiving case numbers starting August 1, 2016.

Revised Form 92900-A Loan-Level Certification

The completion of the revised Form 92900-A Loan-Level Certification follows FHA’s assessment of comments submitted during the two required public comment periods that began in May and September 2015, respectively.

The revised Form 92900-A is available as an attachment to Mortgagee Letter 2016-06. Mortgagees may not use the new form until its August 1, 2016 effective date.The current version of the form, which will remain in effect through July 31, 2016, remains available on HUD’s Client ...

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IRS 4506-T Form Mandated Change Deadline Extended to March 28, 2016

The IRS just informed us that, based on feedback from their clients, they have extended the deadline for compliance regarding their new 4506-T form. The new compliance date is now March 28, 2016. New forms are now being accepted, so you may make the transition to the new form at any time.

 

 

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John Blackwell of Quest Advisors, Inc. earns his Certified Residential Underwriter (CRU) Designation

Quest Advisors’ John Blackwell Earns

Certified Residential Underwriter Designation

Raleigh, NC – December 14, 2015 –John Blackwell, a QC Analyst and Consultant for Quest Advisors, Inc. has earned the Certified Residential Underwriter (CRU) designation from the Mortgage Bankers Association (MBA).

The CRU certification is the highest professional designation for residential underwriters, according to MBA Education, the Mortgage Bankers Association’s education division. The CRU recognizes Blackwell’s knowledge, experience, and education as well as his commitment to the industry.

“John is a key part of our ...

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FHA Handbook Changes

Attached is the FHA handbook changes starting with FHA cases numbers after September 14, 2015.

http://portal.hud.gov/hudportal/documents/huddoc?id=40001HSGH.pdf

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TRID Implementation Delayed

TRID Implementation Delayed

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TRID Rule Implementation

The following link is from CFPB regarding the upcoming TRID (Tila-Respa Integration Disclosures) implementation.  This takes place with initial applications dated 8/1/2015 and later.

TRID Rule Implementation

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CFPB Enforcement Action Trends to Watch Closely

http://www.nationalmortgagenews.com/news/origination/cfpb-enforcement-action-trends-to-watch-closely-1047806-1.html

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Quest Advisors celebrating its 20th year in business.

Raleigh, NC   February 2, 2015

 

In 2015 Quest Advisors Inc., mortgage quality assurance experts, will be entering it’s 20th year of business.  Throughout two decades of the ebbs and flows of the mortgage industry, one of the few constants is Quest Advisors providing quality mortgage related services to lenders who fund all types of residential loans across the United States.  Our mission is to help lenders identify issues that impact both regulatory and investor compliance, as well as potential ...

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