Blog – Page 3 – Secure Insight

House Flipping Is Back to Pre-Crisis Levels according to NY Times

Written on April 9, 2019.

An article just published by the New York Times trumpets the news that house flipping is popular again. Those of us who have been in the mortgage industry for the past 10-15 years know that low interest rates and loose...

Conviction of Attorney and Title Agency CEO for $26 Million Fraud Crime Reinforces Need for Closing Agent Risk Management

Written on February 14, 2019.

According to an article published today in Mortgage Professional America, the former CEO of LandCastle Title, who also served as the managing partner of a real estate law firm, will spend 15 years in federal prison for...

eClosings: Now that they are HERE, do You Know HOW to Conduct Them?

Written on November 12, 2018.

Back in October 2014 the industry had an opportunity to attend a public information session in Washington, D.C. organized by the Consumer Financial Protection Bureau (CFPB). The meeting was called to announce the results...

US Treasury Department Supports the Expansion of e-Closings and e-Notarizations in Mortgage Industry

Written on August 1, 2018.

Industry publications are reporting that after a period of research and review the US Treasury Department is encouraging lenders and states to pursue e-closing and e-notarization technology to make residential mortgage...

When Do Title and Settlement Services Constitute the Unauthorized Practice of Law? Rhode Island Gives Notice.

Written on June 21, 2018.

Sometimes the line between services provided by non-attorney title and settlement professionals and those by lawyers becomes blurred. This happens in states where it is common practice for a title agent representative...

Protecting Borrower Data in An Age of Hacking and Phishing Schemes

Written on June 14, 2018.

“Data privacy” and “data security” are terms most lenders are hearing over and over again these days. The reasons for this are numerous but include federal and state regulator focus on the issue, increased publicity over...

If The Table Starts Rockin’, Who’s Gonna Come Knockin’?

Written on May 30, 2018.

One of the biggest concerns that mortgage lenders have had for years is that they send their mortgage funds and collateral security documents to complete strangers who gather together and manage a process where there is...

CFPB: No More Regulation by Enforcement? An Analysis

Written on May 18, 2018.

According to Mortgage Professional America, the acting director of the Consumer Financial Protection Bureau, Mick Mulvaney, recently told industry leaders that the CFPB will no longer practice “regulation by enforcement.” “The...

The Fraud Triangle

Written on May 8, 2018.

Fraud is pervasive in virtually every industry. The reason is that fraud is the consequence of a human condition that exploits the opportunity to gain assets through rationalization and need. Every one of us...

Data Breaches from Email Phishing Scams Still Rocking Mortgage Industry: WEI Mortgage latest victim.

Written on April 24, 2018.

Just today the industry learned that WEI Mortgage has discovered a data breach from an email phishing scam last Fall that appears to have exposed loan file information and borrower personal identifying data such as Social...