A group of 46 states has fined a mortgage servicer $15.5M for alleged violations of the Real Estate Settlement Procedures Act.
What changed
Settlement includes borrower remediation, penalties, and compliance requirements.
Compliance perspective
Affected mortgage servicers must strengthen their compliance measures to avoid similar issues.
Need help keeping up with these changes?
Tell us where you operate and what licenses you hold; we'll handle the filings and renewals so changes like this do not catch you off guard.