Correspondent And Broker Products; Attorney’s Thoughts On CFPB Nonbank Registry

I head to San Diego today, home to an estimated 300-500,000 roaming feral cats! Cat fans are quick to point out that the word “homeowner” has the word “meow” in it. (Try pronouncing it with the “meow” in there.) My cat Myrtle will never be herded, likes her privacy, and has never been a fan of the Consumer Finance Protection Bureau (although she has found some employees palatable). She especially seems displeased with what she views as, a CFPB power play combined with Big Brother tactics. (Details below.) Veering away from mortgages, but continuing with the Big Brother theme, Road & Track reports that California just passed a bill that will require cars to warn drivers whenever they drive more than 10 mph over the speed limit. The California Senate passed SB 961, which would require half of all new cars built or sold in the state to include passive speed limiters by 2029, and by 2032, that figure will rise to 100 percent. If it passes the Assembly and is signed into law, the new regulation will apply to all passenger vehicles.  Software, products, and services for lenders and brokers “Normally, I’d have to request a most recent pay stub from the borrower and wait for that to be sent over, but since she completed Truv, I just ordered a refresh report, made sure OT has been steady since I pre-approved her, and was able to finalize everything within a couple of minutes.” says Clark Jarstfer, Branch Manager at GVC Mortgage about a recent borrower. Truv’s digital income and employment solution will cut your closing time by 2-3 days and save you up to 80 percent with free re-verifications. Request a demo today!