This article concerning Marketing Service Agreements, or MSA’s, was written by Warren Goldberg, President of Mortgage Wealth Advisors and is being shared with his permission. What is an MSA or Marketing Service Agreement? ‘The residential mortgage origination industry has long used Marketing Services Agreements (MSAs) to establish the terms of certain marketing arrangements. An MSA, written […]
If so, the time remaining to offer your opinion is running short! On July 26th the Consumer Financial Protection Bureau or CFPB released proposed amendments to the TILA-RESPA Integrated Disclosures aka TRID! For anyone who may want to comment the deadline to do so is October 18, 2016. An article from ALTA explains the amendments and provides […]
But is what’s good for the consumer necessarily an easy thing for the mortgage industry to actually implement? While the new mortgage disclosures will be easier for consumers to read and understand compared to the jargon of today, for the many players in the mortgage industry that come together to make-up a successfully closed loan, […]
Whether you have bought and financed a home in the past or you are about to embark on your first experience, the Home Loan Toolkit provided courtesy of the Consumer Financial Protection Bureau (CFPB) will serve to be an invaluable tool and resource! If for some reason the Home Loan Toolkit does not load correctly […]
2014 was a year that witnessed significant changes in the way that title insurance agents in New York State would be monitored and, for the first time, licensed by the NYS Department of Financial Services (DFS)! It also was a year in which title insurance agents needed to prove that they were in compliance with the Seven Pillars of Best Practices established by the American […]
Follow @Hallmark Abstract Service Last week we wrote an article that included an infographic defining what a Zombie Foreclosure is and the harm they do to the neighborhoods that they are in! These abandoned properties tends to be neglected, possibly vandalized and most definitely eyesores detrimental to the value of the other houses around them. […]
