Freddie Mac Issues Bulletin 2024-05: Servicing Updates
Freddie Mac issued Bulletin 2024-05 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated Exhibit 93 (Evaluation Notices) to remove
TENA’s Legal Team, Rules and Compliance Group, and Internal QA Team all work together to keep TENA’s products and services current with agency guidelines. Statutory and regulatory changes are continually monitored and reviewed, as are associated interpretations, bulletins, issued letters, and memoranda. Changes that address residential lending and servicing requirements are reflected in revisions to audit questions.
All audit question additions, deletions, and/or revisions are published to SECONDLOOK on a monthly basis; mutually benefiting all SECONDLOOK licensees as well as TENA’s outsource audit division (which also utilizes SECONDLOOK Audit Software).
Random, targeted, and discretionary selection algorithms support both fixed and statistical sampling methodologies.
Analysis of Audit Findings, Trend Analyses, Summary, Follow-up and hundreds of other standard and customizable reports.
The APR Validator uses both imported and auditor-supplied data to independently compute the APR. If discrepancies are found, it automatically notifies the auditor of the exception.
The power is derived from a rules-based platform permitting audit testing scripts to be easily customized to reflect your firm’s unique audit needs.
Dynamic testing scripts that only include questions which are pertinent and relative to the loan being audited, including optional state compliance.
A pool of over 15,000 continually updated audit questions is used to populate audit testing scripts to meet ever-changing regulatory requirements.
Ensure your consumer loans are in compliance with consumer protection laws and regulations. Available for both the origination and servicing of loans.
Includes a comprehensive catalog of dynamic testing scripts for secured and unsecured loans, auto loans, HELOCs, credit cards and private student loans.
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Freddie Mac issued Bulletin 2024-05 (Bulletin) announcing revisions to the Single-Family Seller/Servicer Guide. Per the Bulletin, Freddie Mac updated Exhibit 93 (Evaluation Notices) to remove
VA revised chapter 9 of the Servicer’s Handbook (M26-4). Chapter 9 was retitled from “Refunds” to “VA Purchase”. Sections 9.01 and 9.02 were also updated
Iowa passed a bill authorizing employees to work at remote locations. Under the bill, a mortgage lender, broker, or servicer licensed under the Mortgage Bankers
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