Preventing Mortgage Mayhem: Date Sensitive Guide
Meeting timing requirements and recognizing triggering events is essential to fulfill compliance requirements for a consumer real estate loan. Not only are there numerous regulations that dictate when written notices must be provided, there are also differences based on lien position, number of applicants, and even the definition of a simple term.
In addition, some regulatory requirements are calculated on calendar days while others utilize a business day definition. Join us as we work through the consumer mortgage loan process in a sequential order from application to closing.
The assembly of a compliant loan file can be utter chaos if regulatory compliance requirements are not understood. Now is a great time to ensure that your process is well-defined, and timing requirements are understood.
