Search

The article presents suggestions on selecting a mortgage processing system to improve service, compliance and efficiency. It mentions the views of Craig Bechtle, chief executive officer (CEO) at software firm Mortgage Flex Systems Inc., on maintaining strong customer service and compliance processes for mortgage processing systems.

The article offers information on the introduction of risk-retention rule for mortgage lending by the federal banking agencies. Topics discussed include quantitative risk management (QRM), the role of Independent Community Bankers of America (ICBA) in ensuring not to cut lower-income buyers out of market, and housing finance reform. It mentions the adjustments to the qualified mortgage rules with ICBA by the Consumer Financial Protection Bureau (CFPB). INSET: CFPB Makes ICBA-Backed QM Changes.