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Some mortgage brokerages have grown quickly. Now they’re under CFPB scrutiny

Mortgage brokerage firms are now under heightened scrutiny from the Consumer Financial Protection Bureau (CFPB). The regulator has recently assembled a team to audit these firms as their market presence has grown to rival regional lenders, HousingWire has learned. The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in…

Navigating movement in the mortgage industry series: Introduction

Movement is constant in the mortgage industry. The pressure to increase loan volume and demand for quality origination talent, especially given fluctuating interest rates, rising business costs, and shrinking profitability, has increased the competition for hiring proven business generators, teams, and branches, and has driven a rise in mergers and acquisitions intended to gain market…

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