The New World of Mortgage Compliance
Welcome to the mortgage industry’s new world, one that’s dictated by regulatory and investor criteria. These days, all eyes in the mortgage industry are on collateral valuation, which means that lenders are under even more pressure to make sure their decisions are based on rock solid appraisals—and that includes credit unions.
The good news is that by embracing technology, credit unions can easily and economically establish a powerful, watertight appraisal review and quality control program that ensures their appraisal reports are comprised of factual, compliant data. Good technology can provide a transparent audit trail for regulators and investors.