Mortgage origination and servicing has never been easy and it has become more challenging as organizations wrestle with the complexity of new rules and regulations against a backdrop of uncertain – yet potentially significant – adverse consequences.
Originators and servicers are understandably concerned as they begin to think about complying with the new rules and regulations. This concern deepens as organizations come to understand that the new rules and regulations are accompanied by two additional developments – the Consumer Financial Protection Bureau is a “data driven” organization committed to coordinating their efforts with other government agencies.
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