Mozart Program Could Help Lenders Cope With Increased Legal Liability
August 15, 2008
New technology may give lenders an important edge in preserving profitability as the mortgage industry faces an increasingly hostile compliance environment. One of the most challenging new legal standards emerging from the states – and perhaps Congress – is the requirement that lenders make sure a loan is “suitable” for the borrower. It’s a vague standard, but Overture Technologies says...