Is your company ready for Qualified Mortgage (QM)?
“A ComplianceEase audit of lending data from over 400 banks confirms that more than one in five loans originated today are not in compliance with the current qualified mortgage definition.”
Mason-McDuffie Mortgage is ready for QM (Qualified Mortgage) and ATR (Ability to Repay), in fact – so are our Loan Officers. Our audit has shown that only 1.5% of our loans fell outside of the QM standard, which was far better than the 20% mark shown with the other lenders. It’s important to know how your company will compare. Here at Mason-McDuffie Mortgage, we are happy to already be positioned for success in originating loans that meet the QM standard. Our operations and compliance staff are production oriented while navigating the challenges of new regulations in our industry. As an originator it is important to know that you work on a platform of success in these ever changing times. So you must ask yourself, is your company is ready for QM? We are.
Call us today to learn more.
– Brian Moggan, EVP of Production