Form-of-the-Week: Loan Broker Listing Agreement, and Disclosure of Mortgage Loan Broker Fees — Forms 104 and 119-1
Listing agreement as an employment contract A listing agreement is an employment contract entered...
Read More
Tag: consumer mortgages
UDAAP consumer mortgage protections extended to commercial financing
Existing regulations prohibiting unfair, deceptive, and abusive practices (UDAAP) in consumer mortgage financing now apply to the conduct of originators of commercial mortgage financing in California.
Read More
As consumer mortgage complaints jump — originations plummet
In 2022, the number of consumer mortgage loans originated by DFPI licensees was down a shocking 70% from the prior year.
Read More
Mortgage Concepts: Lender ECOA disclosures of action taken, Part 2
Part 2 explains ECOA-mandated disclosures advising the borrower of the action the lender has taken on the borrower’s mortgage application.
Read More
Mortgage Concepts: How to issue the Adverse Action Notice, Part 2
Which disclosures are required by the FCRA when a loan is denied, instead of approved?
Read More
Mortgage Concepts: The California Residential Mortgage Lending Act (CRMLA) Part 2
Part 2 of this video reviews CFL and MLO licensing by the DFPI, consumer mortgage originating, and reporting under the CRMLA.
Read More
Mortgage Concepts: Advertising – a complete representation of the mortgage terms mentioned
While no guidelines exist for an “ideal” mortgage ad, there are standards an MLO needs to follow.
Read More
DFPI Bulletin Digest: February 2023
The February 2023 DFPI Bulletin focuses on natural disaster guidance, crypto assets, and MLO reports.
Read More
Letter to the editor: How do I tell the difference between a business and consumer mortgage?
Knowing the difference between the two will help MLBs identify more streams of income during the recession.
Read More
MLO recession survival guide Part 4: Arranging mortgage originations for investors
Discover how to solicit and work with property investors during a recession.
Read More
Resources
Education
Get to know us
Products & Services
