Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
Mortgagebot enhances PowerSite automation platform
MEQUON, Wis. (10/19/09)--Automation is the best way to ensure full regulatory compliance with the mortgage process, according to Mortgagebot, which provides mortgage solutions for financial institutions including credit unions. Mortgagebot announced it has enhanced its PowerSite point-of-sale automation platform to help financial institutions with compliance of different regulations. “The more time lenders are forced to spend analyzing legislation and developing compliance programs, the less productive and profitable they are,” said Scott Happ, Mortgagebot president/CEO. Mortgagebot also created a list of questions that lenders should ask when they respond to compliance issues. Many credit unions and banks aren’t fully aware of the impact the current wave of mortgage regulation is having on their business practices, Mortgagebot said. The questions include:
* Can we accurately price and approve loans at the point of sale? * Are all of our disclosures fully correct and compliant? * Can we properly disclose payment information? and * How will we handle the year-end Real Estate Settlement Procedures Act changes?
Mortgagebot, based in Mequon, Wis., provides a point-of-sale automation solution set, including PowerSite Consumer, PowerSite Advisory and PowerSite Pro.


RSS





print
News Now LiveWire
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
4 hours ago
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
7 hours ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
7 hours ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
7 hours ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
8 hours ago