New HMDA Rules, Origination Insights, Mortgage Education
Encompass REPORT

TRENDS, TECHNOLOGY UPDATES AND USEFUL NEWS FOR MORTGAGE PROFESSIONALS
DECEMBER 2015
HMDA Webinar, Latest Origination Insights, Mortgage Education eBook                  

Informational Webinar – Understand HMDA and Get Ahead of the New Rules

On October 15, the Consumer Financial Protection Bureau (CFPB) published the final rule revising Regulation C to implement revisions to the Home Mortgage Disclosure Act (HMDA). Because these HMDA revisions are so complex, Ellie Mae is hosting a complimentary 60-minute webinar, “HMDA: The New Reporting Frontier.” Led by AllRegs® and Ellie Mae compliance experts, this educational webinar is specifically focused on helping lenders gain a level of understanding that can improve compliance
  • Date: Thursday, December 17
  • Time: 10am PT/1pm ET
  • Featured Ellie Mae speakers: Richard Triplett, VP, Director of Compliance, AllRegs, and Christine Acree, Senior Product Counsel
November Origination Insights: Time to Close Rises, FICO Scores Fall, Closing Rates Continue Climb

The average time to close a loan increased by three days to 49 total days in November, the longest time to close since February of 2013, according to the latest Origination Insight Report released by Ellie Mae.
“We are beginning to see the anticipated impacts of the Know Before You Owe changes that went into effect in October,” said Jonathan Corr, president and CEO of Ellie Mae.

Ellie Mae’s data also shows that the average FICO score on all closed loans fell to 721, marking the sixth consecutive month of decline. Closing rates for all loans reached their highest point, 68%, since Ellie Mae began tracking data in August of 2011.
Free eBook: Creating a Successful, Compliant Mortgage Education Program

Maintaining licensing and educational compliance is an absolute necessity. Failure to put a mortgage education system in place puts careers and the business as a whole at risk. Education also makes teams better. Individuals can sharpen primary talents or learn new skills that can help power them ahead of their competition.

AllRegs by Ellie Mae education experts have compiled a clear, concise eBook, Your Mortgage Education Program: Key Factors for Compliance, Growth and Success, outlining six requirements for a thorough, effective program. It is a must-read for decision makers seeking to thrive in this CFPB-driven regulatory climate, as well as those desiring to develop individuals’ skills that can elevate overall business performance.