Blog – Page 5 – Secure Insight

Enterprise Risk Management: What’s in Your MROM?

Written on April 4, 2018.

Increasing regulatory pressures on banks and lenders to adopt greater risk management systems and processes are aimed at establishing a more uniform approach to quality control industry-wide. At the same time these pressures...

The Mortgage Fraud Triangle: What It Means For Your Business

Written on March 28, 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 is vulnerable...

CFPB, CFPB Where For Art Thou CFPB?

Written on March 20, 2018.

Th election of President Donald Trump signaled for many in the mortgage industry that finally something would be done to reign in federal regulation and allow lenders to make more loans. There was also a secret desire...

Mortgage Industry Vendor Risk Policies: All Businesses Are Not the Same

Written on March 19, 2018.

When the CFPB issued Bulletin 2102-3 (reaffirmed again in 2015), forever changing the way that banks and lenders nationwide look at third party relationships, they offered only a bare outline of detail regarding what that...

How Are You Protecting Borrower Data Collected in the Mortgage Loan Process?

Written on March 16, 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 the CFPB’s focus on the issue, increased publicity over data breaches...

NY Opinion Poll Indicates Public Wants More Protection in Mortgage Settlement Process

Written on March 5, 2018.

In October an independent opinion poll was conducted by American Money Services of NY seeking public input on issues surrounding mortgage closings. The results were nothing less than fascinating, and should serve as a...

FORMER HUD-IG DISCUSSES WHY VENDOR MANAGEMENT IS A KEY COMPONENT OF A LENDER’S LOAN QUALITY ASSURANCE PROGRAM

Written on February 26, 2018.

An Interview with Hon. Kenneth M. Donohue, former HUD Inspector General The following interview was conducted by Andrew Liput, CEO and President of Secure Insight, a New Jersey based vendor management firm specializing...

Recent Tales of Mortgage Fraud: The dumb, the bad, and the Ugly Truth!

Written on February 23, 2018.

You Can’t Make This Stuff Up! This month like every month we feature some of the latest news about mortgage and closing fraud affecting our industry. These are real cases from around the country, only the names have...

Mortgage Industry Vendor Assessments Must Include Performance Reviews

Written on February 23, 2018.

When the CFPB issued its Bulletin 2012-3 addressing third party service provider risk management, the industry largely responded with a blank stare. Because most lenders had never developed risk management protocols and...

CASEY STENGEL, ERNIE BANKS, STAN MUSIAL…AND MORTGAGE COMPLIANCE?

Written on February 21, 2018.

Spring is in the air, and for sports enthusiasts like me that means one thing: Spring training and the start of yet another baseball season. As I check out the Florida box scores, I can’t help but find some parallels between...