U/W Products; Digital White Paper; 40% of MLOs Close How Much Total Volume?

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Posted To: Pipeline Press

Lenders ask themselves, “Would you fund loans where people cannot buy or sell houses because they can’t check, or record, liens?” Probably not, and this month Baltimore joined other cities that have fallen prey to crippling ransomware attacks . Using a ransomware variant called RobbinHood, hackers crept under firewalls crippling key city systems. Our industry is always under attack. The Buffalo News reports that apartment developer Robert Morgan and others have been indicted for 114 counts of mortgage fraud took place from 2007 through earlier this year involving “conspiring to defraud banks, as well as Freddie Mac and Fannie Mae , by providing false financial information and other documents to inflate commercial property values,” “deceiving loan servicers...(read more)

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Source: http://www.mortgagen...

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