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In the financial industry, loan accounting reports play a crucial role in managing loans and tracking borrowers’ payment histories. These reports provide lenders with valuable information about loan balances, payment schedules, interest rates, and other critical data points. Traditionally, loan accounting reports were manually generated, which could be time-consuming and error-prone. However, with the advent …

Exploring the Role of Technology in Loan Accounting Reports Read More »

In today’s complex business environment, loan accounting reports are an essential tool for financial analysis and decision-making. These reports provide valuable information about a company’s lending portfolio, including loan balances, delinquency rates, interest income, and credit risk. However, simply generating these reports is not enough. To truly benefit from them, businesses must be able to …

Effective Strategies for Generating Actionable Insights from Loan Accounting Reports Read More »

Securitization is a financial process that involves pooling together various financial assets, such as loans or mortgages, and transforming them into a security that can be sold to investors. This process allows financial institutions to manage their risk and raise capital, while also providing investors with access to a diversified range of assets. However, securitization …

Common Challenges Faced During Securitization Audits And How To Overcome Them Read More »

Securitization auditors are professionals who specialize in auditing securitization transactions. Their role is to review and evaluate the securitization process to ensure that it complies with applicable laws, regulations, and industry standards, and that the risks associated with the transaction are adequately identified and managed. The duties of securitization auditors typically include reviewing transaction documents, …

Best Practices For Securitization Auditors To Ensure High-Quality Reports Read More »

In the world of finance, lending is an essential component of economic growth and development. Lending institutions provide funds to borrowers for various purposes, such as starting a business, purchasing a home, or financing education. However, lending also involves inherent risks, as borrowers may be unable to repay their loans due to various reasons such …

Analyzing Loan Delinquencies and Charge-Offs in Loan Accounting Reports Read More »

It’s about time… Click here to read the complaint. FOR IMMEDIATE RELEASE April 30, 2018 CONTACT: Jordan Libowitz 202-408-5565 | jlibowitz@citizensforethics.org Washington—Mick Mulvaney, the director of the Office of Management and Budget (OMB) and acting director of the Consumer Financial Protection Bureau (CFPB), should be investigated for misleading the Senate during his confirmation process and …

CREW FILES COMPLAINT AGAINST MICK MULVANEY Read More »

Freddie Mac reported net income of $2.92 billion for the first quarter, an increase of $5.84 billion from a net loss of $2.92 billion in the fourth quarter and up $715 million from $2.21 billion in the first quarter of 2017. Comprehensive income for the quarter was $2.15 billion, increasing from the $3.31 billion loss …

Freddie Mac rebounds with $2.92b net income in Q1 Read More »

When Dr. William Ngo was shopping for his first home two years ago, he ran into a problem: He got rejected for a mortgage because he had about $250,000 in student debt and little savings. So the surgeon applied for a loan specifically designed for doctors that came with a higher interest rate but no …

Banks are working to woo new doctors into home mortgages Read More »

New American Funding CEO Rick Arvielo has a reputation in the mortgage business as a technology pioneer – and he’s also a big proponent of the industry embracing the tech revolution. MPA: One of the things New American Funding is known for is its technology – and one of the things that’s gotten a lot …

Are you behind the curve in the tech revolution? Read More »

Wells Fargo is on the hook for $97 million after a Los Angeles federal judge found that the bank committed violations of California’s labor laws, according to a Bloomberg report. The San Francisco-based bank plans to appeal the ruling. The judge found that Wells Fargo’s California home mortgage consultants and private mortgage bankers did not …

Wells Fargo ordered to pay $97mn for Calif. labor law violations Read More »