RiskExec is proud to be a Gold sponsor of MeridianLink Live, taking place in Orlando, FL from May 5 - 8, 2025. MeridianLink Live 2025 is taking place at Universal Orlando this year. The event will feature sessions from MeridianLink's experts and industry leaders focused on the latest advancements in loan origination. We hope you […]

RiskExec is proud to be a Silver sponsor of Dark Matter Horizon, taking place in Jacksonville, FL from April 23-25. This year, Dark Matter is bringing its Horizon event to the Omni Amelia Island to help professionals stay on top of mortgage technology trends. The event will feature sessions from Dark Matter Technologies' experts and […]

A review of recent CFPB enforcement action and Supervisory Highlights reveals numerous mentions of servicing practices across various financial products. State agencies have also taken action in response to servicing errors.

The mortgage industry’s premier event, ICE Experience, brings together over 2,000 mortgage industry professionals annually for three full days of learning, networking and fun. With a focus on bringing the American dream of homeownership to more people, this year’s event will provide many opportunities for you to grow your knowledge and connect with your colleagues. […]

CFPB Changes Since its establishment in 2011 under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) has played a pivotal role in financial services regulation, including the collection and compilation of mandated data. This responsibility notably includes Home Mortgage Disclosure Act (HMDA), originally enacted in 1975, with data collection authority shifting to the CFPB […]

Small Business Lending The small business lending landscape is undergoing a significant transformation with the implementation of the Small Business Lending (SBL) Rule under Section 1071 of the Dodd-Frank Act. This article will delve into some key considerations for lenders as they navigate the complexities of the new rule and evaluate technology solutions available to […]

The Texas Department of Savings and Mortgage Lending (“Department”) issued updated rules relating to mortgage companies, loan originators, mortgage bankers, and mortgage servicers. The revisions are aimed at modernizing and updating the rules by adding and replacing language for clarity, removing unnecessary or duplicative provisions, and updating terminology.    Mortgage Loan Originators, Mortgage Companies and Mortgage […]

Fannie Mae Fair Servicing Fannie Mae recently published Fair Servicing Best Practices (“FSBP”). Developed with input from more than 30 mortgage servicers and community advocacy groups, the FSBP is intended to ensure Fannie Mae servicers are aware of the expectations that servicers will treat all borrowers fairly and consistently, and comply with the Equal Credit […]

Following the publication of this article, the Public File deadline was adjusted to January 1, 2026. CRA Public File Updates The recent lawsuit challenging the Community Reinvestment Act (CRA) File Rule may have added uncertainty to the implementation timeline, but one crucial aspect remains unchanged: your CRA Public File must be updated and readily available […]

Welcome to HMDA & CRA Submission Season As the submission March 1 deadlines loom for annual CRA and HMDA data reporting, Compliance Officers can sometimes feel a bit lost in the woods. While the details of filings are always important, it’s critical to take the time to pick your head up and look at your […]

Misleading Marketing Laws As of January 1, 2024, mortgage companies soliciting consumers in Illinois will need to ensure their marketing materials do not run afoul of the state’s new law designed to protect consumers from being misled. The new law provides that any marketing materials from a mortgage company with no connection to the consumer’s […]

On December 20, 2023, the three Federal banking agency members of the Federal Financial Institutions Examination Council (FFIEC) with Community Reinvestment Act (CRA) responsibilities — the Board of Governors of the Federal Reserve System (Board), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (The Agencies) — announced […]