Making Heaven Out of HMDA
by Leonard Ryan
The good news is the CFPB extended the implementation start date for the new CFPB HMDA
rules to January 2018. However, this does not mean there is rest for the battle-weary
compliance officer.
Find out why . . . [PDF]
On Compliance: The Next HMDA Wave
by Leonard Ryan
Dealing with regulatory changes is like wrestling with the ocean. Every time you manage to come up for air after one wave, another is coming over the horizon. For most of the past two years, the focus for credit union mortgage compliance executives has been on getting ready for the TILA/RESPA Integrated Disclosures or "TRID" that finally went live in early October.
Read the rest . . .
Something HMDA This Way Comes
by Leonard Ryan
The mortgage industry has endured dramatic and substantial change during the past 10 years. Some from self-inflicted wounds, but most change has been the collateral damage through regulation forced upon the industry players that properly conducted their business.
Read the full article [PDF]: Something HMDA This Way Comes
Person Of The Week: Leonard Ryan -- Lenders Must Focus On RESPA/TILA, HMDA
MortgageOrb recently interviewed QuestSoft's Leonard Ryan to get his perspective on what lenders should focus on as we move into 2015 - including how they can meet the challenge of complying with the newly expanded Home Mortgage Disclosure Act (HMDA). Click here to read the full interview.
The Industry’s Biggest Compliance Concerns
by Leonard Ryan
July 2014 marks the fourth anniversary of the Dodd-Frank Act and the third anniversary of the Consumer Financial Protection Bureau (CFPB). In some ways, not much has changed since July 2010 and 2011; the industry is still plagued by rule announcements with monthly adjustments until their effective date and even quicker implementation deadlines.
Click here to read the rest.
May 12, 2014
How Credit Unions Can Prepare for the Expansion of HMDA
by Leonard Ryan
If you thought the Consumer Financial Protection Bureau (CFPB) was finished with new rules after 2014’s slew of fresh regulations went into effect, think again. One of the biggest acts still waiting for a formal rewrite is the expansion of the Home Mortgage Disclosure Act (HMDA).
Click here to find out more.
April 24, 2014
Will There Be Many LOS Switches This Year?
Our industry saw big CFPB regulatory changes this past January. Leading up to these changes most lenders were re-evaluating their loan origination software (LOS). Some decided to stick with their LOS and others switched. So, the question for lenders this year is: Will they regret the LOS decision they made last year? New research sheds some light on this situation.
[Click here for the rest of the story]
December 10, 2013
Texas Dow Streamlines HMDA Reporting with Automated Solution
With the annual March 1 date looming for federal Home Mortgage Disclosure Act compliance, Texas Dow Employees Credit Union has successfully implemented an automated solution that saves time, money and beats the deadline.
[Click here to read the full story]
March 20, 2014
The Compliant Will Thrive
As the mortgage industry adjusts to a new regulatory environment, QuestSoft Corp. continues to meet the compliance demands of the market.
[Read Full Story]
March 19, 2014
Q/A with Leonard Ryan of QuestSoft Corp.
MBA NewsLink recently talked with Leonard Ryan, founder and president of QuestSoft Corp., Laguna Hills, Calif., a provider of automated compliance review software for the mortgage industry.
[Read Interview]
December 10, 2013
Tackling Compliance -- Executive Interview with Leonard Ryan
QuestSoft's Leonard Ryan details all you need to know about compliance based on his 20-plus years of mortgage experience.
[Read Interview]
April 4, 2013
Changing the HMDA Mindset
by Leonard Ryan
It has been interesting to see how year after year lenders still struggle with HMDA despite the
current process being stable for almost 10 years. Too many compliance managers seem to be
locking the door and refusing to take calls in February. Being assigned a HMDA-specific task has been
described as “hell” by some and many are volunteered for the job. But I have also seen many companies become well-organized HMDA pros with a new approach... [Read More]
February 7, 2013
Good Compliance Requires Good Data
We are all familiar with the phrase “System of Record”. This phrase is naturally applied to loan origination systems. However, in today’s digital lending world, that is often not the case. A lender can have many systems of record, depending on the vendors they rely upon for different processes. The problem? Examiners expect to electronically access these systems and quickly find clarity and data consistency. So where do you start?... [Read More]
November 9, 2012
Does Mortgage Reform Have To Be Painful?
by Leonard Ryan
This past summer, Brenda Hughes, senior vice president and retail lending administrator for First Federal Savings Bank in Twin Falls, Idaho, testified before Congress on the new mortgage disclosures and how to cut red tape for consumers and small businesses. Ms. Hughes voiced the frustrations of many lenders . . .
[Read More]