Compliance Update – Sept 2016
The Compliance Team is excited to announce the addition of Michelle Rymerson, who now serves as Celink’s Vendor Manager. This is a new position created to focus more effort and attention on the...
Compliance Update - June 2016
With the recent issue of Mortgagee Letter 2016-07, regulatory changes surrounding tax and insurance defaults have continued to be very active in the first half of 2016.
As you may recall, HUD...
Compliance Update - March 2016
There have been recent changes with the requirements around how a servicer must manage a loan that is originated with a Repair Set Aside.
The borrower has always had to complete the repairs...
Compliance Update - December 2015
2015 has proven to be a challenging and busy year in terms of changes and impacts to all areas in Reverse Mortgages - from origination impacts due, to the Financial Assessment guidelines, to multiple...
Compliance Update - September 2015
Ryan LaRose & Debra Taylor
You are undoubtedly aware that HUD issued Mortgagee Letter 2015-15 on June 12th providing a method by which servicers can offer a Mortgagee...