Why Choose BankManager® Elite?

December 12, 2016 9:28 am
Want to eliminate the need for your filing cabinets? Save time? Obtain more detailed easy-to-understand reporting? Upgrade your current system? Then BankManager Elite is for you! Still a comprehensive workstation for lenders and customer service representatives as with BankManager® Pro, BankManager Elite features a new and improved reporting engine, faster deployment across multiple desktops and an easy-to-use favorites button for custom… View Article

Calculating Days in CompliancePro

November 28, 2016 9:48 am
By Cody Roberts Have you had to calculate timeframes for a Regulation CC hold notice? How long do you have to file a Suspicious Activity Report?  When do you need to send a Regulation B adverse action notice?  When looking at transactions in the past, has your compliance officer or auditor needed to be able… View Article

Revised Mortgage Servicing Rules

November 14, 2016 8:00 am
By Elva Coffey-Sears The revisions to the Mortgage Servicing Rules under RESPA and TILA released by the CFPB on August 4, 2016 were (finally) published in the Federal Register (FR) on October 19, 2016, thus establishing effective dates of October 19, 2017 for the majority of the amendments, and April 19, 2018 for the amendments… View Article


October 31, 2016 8:00 am
By Gina Ellis The Consumer Financial Protection Bureau finalized amendments to Regulation E and Regulation Z on October 5, 2016. The new requirements to provide additional consumer protections and disclosures to prepaid accounts are effective October 1, 2017. Prepaid account access devices or packaging material that are manufactured, printed or otherwise produced in the normal… View Article

E-Sign with Digital Authentication versus Signature Pads

October 17, 2016 8:56 am
Jay Bruce and Benjy Cook Digital authentication creates a unique alpha-numeric identifier for each signer in a transaction and places that identifier on every document, on the appropriate signature line, wherever that person’s signature is required. The identifier is also placed under the signature line of the Electronic Signature Consent Form that is signed by… View Article

Compliance Risks from the OCC

October 3, 2016 2:37 pm
By Cody Roberts, CRCM Occasionally, a governmental agency issues a helpful document. Recent straw polls of compliance officers suggest this would not include the new Uniform Residential Loan Application–which now stretches to 7 pages minimum for a purchase loan (see our recent blog entry here on this form).  Nor would this include the Department of… View Article

Calculating Total of Payments

September 19, 2016 10:32 am
By Gina Ellis The Annual Percentage Rate Calculation Program (APRWIN) issued by the Office of the Comptroller (OCC) is an efficient tool for verifying annual percentage rates and reimbursement adjustments. The most recent version (v6.2 issued May 2008) includes applicable finance charge and APR tolerances for verifying the accuracy of annual percentage rates and finance… View Article

Knowledge is Power

August 22, 2016 8:50 am
By Cindy Wilhelm   We’ve all heard the saying, “Knowledge is power.” However, the very mention of the word “training” in the workplace is often met with the sound of heavy sighs, a good deal of eye-rolling, and the whispers of “I don’t have time; I have too much work to do; I already know… View Article

FEMA Publishes the Revised Standard Flood Hazard Determination Form

August 9, 2016 8:27 am
By Cody Roberts Flood insurance is a topic that makes real estate lenders cringe. It is not quite as bad as TRID, but because FEMA is not a primary regulator of institutions and because flood is one of the topics most cited for violations by regulators, lenders are leery. Most institutions outsource flood hazard determinations,… View Article