Hidden Cost of Compliance
Price: FREE
Publisher: Ellie Mae
Publication Date: Saturday, May 11, 2013
Document Format: PDF
Did you know the average cost of originating a mortgage climbed from $2,291 in 2009 to $3,353 in 2013? That’s because today, mortgage lenders must comply with about 350 different federal, state and local rules. This paper examines the subtle ways in which increasingly stringent laws and regulations are affecting the mortgage industry and leading to higher costs and risk for lenders. You’ll also learn how compliance automation solutions can help make the process of compliance more scalable, consistent and reliable to reduce costs and noncompliance risk.
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