In this episode of CMB Connect, Val Buresch interviews Diane Jenkins, Attorney and Director of Legal at Asurity. They discuss the benefits of earning a CMB designation and how it enhances one's perspective on compliance challenges in the mortgage industry. They also discuss the compliance issues that lenders struggle with, such as understanding state-specific laws and implementing new programs. Diane highlights the importance of collaboration and networking in the industry. They also touch on the implementation of the loan estimate and closing disclosure, the challenges faced, and the need for ongoing compliance. Diane emphasizes the need for simplifying the mortgage process and making it more borrower-friendly.
Chapters
00:00 Introduction
03:13 Types of Clients and Compliance Challenges
06:22 Explaining Loss Mitigation
09:39 Implementing the Loan Estimate and Closing Disclosure
12:23 Lenders' Compliance and Mistakes
14:50 Disclosing Interest Rates and Changes
22:09 Career in the Mortgage Industry
24:22 Improving the Mortgage Industry
You can email Diane at djenkins@asurity.com.
You can reach Val at lburesch@polygonresearch.com
www.polygonresearch.com