10-13-14 SPECIAL GUESTS: Scott Valby & Brad Luo on "Mini-Correspondent Lending"

Published: Oct. 13, 2014, 5 p.m.

b'In response to the CFPB\\u2019s Policy Guidance concerning mini-correspondent lending, the law firm Gregg & Valby,\\xa0has written a series of articles providing\\xa0Policy Guidance to\\xa0the mortgage industry. \\xa0On today\'s broadcast, we will be discussing the content of these\\xa0Policy Guidance, which can be divided into the following four groups of questions:\\nQuestions relating to\\xa0the majority of the mortgage loan origination activities performed by a lender in originating a\\xa0covered transaction;Questions designed to ascertain whether the warehouse line of credit is\\xa0bona fide;Questions pertaining to the true relationship between the originating lender and the\\xa0investor of the covered transaction in question; andQuestions concerning the operational\\xa0plans, steps, measures, and actions made and/or taken to effect the successful transition from\\xa0broker to correspondent lender.\\xa0\\nCreated BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update, Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT and Tony Garritano providing a TECHNOLOGY UPDATE.\\xa0 This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.\\xa0\\nIn response to the CFPB\\u2019s Policy Guidance concerning mini-correspondent lending, the law firm Gregg & Valby,\\xa0has written a series of articles providing\\xa0Policy Guidance to\\xa0the mortgage industry. \\xa0On today\'s broadcast, we will be discussing the content of these\\xa0Policy Guidance, which can be divided into the following four groups of questions:\\nQuestions relating to\\xa0the majority of the mortgage loan origination activities performed by a lender in originating a\\xa0covered transaction;Questions designed to ascertain whether the warehouse line of credit is\\xa0bona fide;Questions pertaining to the true relationship between the originating lender and the\\xa0investor of the covered transaction in question; andQuestions concerning the operational\\xa0plans, steps, measures, and actions made and/or taken to effect the successful transition from\\xa0broker to correspondent lender.\\xa0\\nCreated BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update, Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT and Tony Garritano providing a TECHNOLOGY UPDATE.\\xa0 This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.'