December 5, 2013 – OnlineEd was recently published in the December Scotsman Guide’s Residential Edition. Click the link below to read or download the complete article.Our article outlines the need for mortgage businesses, both large and small, to prepare for CFPB examinations. We break down the CFPB examination guide’s criteria for education and training, and outline some best practices for staying ahead of the curve and being proactive with compliance. The article stresses the importance of having a suitable training program in place in accordance with written policies.
For the online version of Scotsman Guide’s December Residential Magazine, visit their website by clicking here. Some of this month’s topics include helpful tips on qualified mortgages (QM) for independent mortgage brokers, paperless cloud-based loan management, and tips on how to remain profitable in the face of tumbling refinances.
Make sure that you are not operating under the impression that the CFPB isn’t going to be concerned with your small mortgage business. For more information on preparing a training program and policies for your mortgage business, call OnlineEd at (866) 519-9597.