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Fraud Prevention Best Practices for Mortgage Brokers

Posted on: August 12, 2016 by Newmark Insurance

As technology evolves, so do fraudulent schemes. Unfortunately, with a wide range of fraudulent activities, protecting your business can be a daunting task. Therefore, becoming educated on how to prevent these schemes is a necessity. With a robust risk management plan in place and secure controls, this threat can be minimized. Furthermore, as a first […] Read More

Posted in: blog Mortgage Brokers

Mortgage Broker Liability: Assisting First-Time Buyers

Posted on: March 18, 2016 by Newmark Insurance

As a mortgage broker, one of the most important steps is to gain the trust of your clients. As they are making one of the biggest financial decisions of their lives, your expert guidance and recommendations are a necessity. Especially as first-time buyers, they are most likely not familiar with the jargon and the complete […] Read More

Posted in: blog Mortgage Brokers

New Regulations Could Delay Home Closings

Posted on: September 9, 2015 by Newmark Insurance

New federal disclosure regulations are causing concern among mortgage brokers and real estate agents in relation to home sale closing times. The procedure, which begins nationwide on October 3rd, is estimated to lengthen closing time by 5-10 days. As there are numerous factors that contribute to delayed home sales, Texas Mortgage Broker Liability can be […] Read More

Posted in: blog Mortgage Brokers Real Estate Liability

Is VTS Transforming Commercial Real Estate Industry?

Posted on: July 17, 2015 by Newmark Insurance

VTS, a web based commercial real estate platform, is changing the way the industry operates. The rapidly growing technology company is already worth an estimated $100 million dollars and operates in 14 major markets across the United States. With so much technology and inevitable change in the market, it is imperative your TX Mortgage Broker […] Read More

Posted in: blog Errors and Omissions Mortgage Brokers

Supreme Court Welcomes Housing Discrimination Suits

Posted on: July 15, 2015 by Newmark Insurance

Unintentional actions in relation to housing bias are being recognized as grounds for a lawsuit, according to the Supreme Court. The Fair Housing Act defeated the Texas Department of Housing and Community Affairs in a close 5-4 vote in determining that “disparate impact” on minorities is, in fact, discriminatory. While this decision unfolds, it is […] Read More

Posted in: blog Mortgage Brokers Professional Liability

What Does the New TRID Rule Mean?

Posted on: June 16, 2015 by Newmark Insurance

The mortgage lending industry is undergoing some major reform as of lately. As of August 1, 2015, the operational procedures and technologies used by mortgage companies will be expected to be in 100% compliance with the new TRID law. In the wake of these significant changes, don’t wait to implement your Austin TX Real Estate Broker […] Read More

Posted in: blog Mortgage Brokers Real Estate Liability

Recent Lawsuits Reveal Need to Review TILA

Posted on: June 10, 2015 by Newmark Insurance

After allegations against 2 California mortgage companies abusing the TILA surfaced, some real estate practices are being questioned. The real estate industry was reformed to prevent illegal transfer of funds years ago, yet the issue reemerged this month. To ensure these types of misconducts don’t bankrupt your business or destroy your reputation, installing Real Estate […] Read More

Posted in: blog Mortgage Brokers Professional Liability

What Are Typical Difficulties First Time Home Buyers Face?

Posted on: March 19, 2015 by Newmark Insurance

One of the most important factors of working in the real estate industry is gaining the trust of your customers; individuals who are facing one of the biggest financial decisions in their lives. Buying a home for the first time can be an intimidating process, especially for a consumer who is not familiar with common […] Read More

Posted in: blog Mortgage Brokers Professional Liability