With the implementation of Dodd-Frank Act, the lenders have been walking a tight rope. They can no longer adopt an apathetic approach towards the transaction process. To stay compliant with stringent regulatory framework, the lenders will have to focus on keeping costs in control, improve efficiency by integrating technology into their process, consider scalability to surge productivity and collaborate with…
E-book Mortgage
The Dodd-Frank act was a direct result of 2008 financial meltdown and was brought in force to prevent such crises in the future. While the benefits of the act continue to be debated, the most disturbing fallout of this act is the huge spike in compliance cost. Lenders believe that mortgage is becoming increasingly expensive as they are now required…