State-Level Lending Changes; Video on Mortgage Servicing; Ugly Zombie House Legislation; Compensation Survey

By Rob Chrisman

Posted To: Pipeline Press

Here’s the riddle of the day. What is “165”? Answer: it is the number of business days until August 1, when the RESPA-TILA rules go into place . If a lender is relying on vendors to save the day for them, or notify their Realtor clients of the changes, they’re making a mistake. Get going! (Another riddle is, “What is 69”? It is the number of business days until the next Federal holiday – the longest stretch of the year. So I hope you took yesterday off!) All of these companies employ underwriters, and according to the most recent STRATMOR Compensation Connection survey, 90% of underwriters receive incentive compensation in addition to a base salary. That incentive, however, made up less than 10% of overall compensation. How does your compensation compare to your peers? Participate in STRATMOR…(read more)

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