The website was launched January 2008, at the start of the mortgage crisis and during the time when all the mortgage rules and compliance rules were changing every hour on the hour.
It was also founded on the premise that the other mortgage rule and reg websites were too complicated to use. Too technical. And all they did was re-publish what the agencies posts on their websites.
Mortgage Currentcy is unique because each change is dissected, broken down into easy-to-read bullet points and “interpreted” in plain language on how it actually affects your files and how to comply with CFPB and other government agencies.
It is designed keep loan officers, processors, and underwriters current on the ever-changing regulations and guidelines for FHA, VA, Fannie Mae, Freddie Mac, USDA, NMLS, CFPB and other regulatory agencies. The advisory board are known experts in their genre, including the rules, the underwriting guidelines, and the regulatory technicalities that make loans work.
Tammy Butler, Master CMB has been in the mortgage industry since 1983. She was a top producing originator, executive sales manager, owned the largest training company in the mortgage industry at one time, has built mortgage technology platforms and with the creation of the CFPB, is now helping clients strategically make decisions about how to best apply these regulations to their mortgage workflow.
Be sure to check out our sister company for timely information on compliance issues!