SCP Newsroom
How to Become an Independent Mortgage Broker
10 Steps to Independence: How to Become an Independent Mortgage Broker Today, working independently—striking out on your own—is fast becoming the path toward building a career, especially when it comes to mortgage brokers. According to Housingwire.com, “Independent mortgage brokers have secured 14.1 percent market share—the strongest presence in a single quarter in over a decade.”…
Massachusetts Division of Banks – Survey
Dear Massachusetts Licensed Mortgage Broker/Lender: In light of current economic conditions, the Massachusetts Division of Banks (Division) is actively monitoring the ongoing volatility in the mortgage market. As you may already know, various lenders and investors are no longer offering certain Non-Qualified mortgage products. Some have also tightened credit requirements and rate lock policies. The Division…
FHA Publishes Updates to the Single Family Housing Policy Handbook
SCP Flash Update Single Family Housing Policy Handbook 4000.1 Update Published The Federal Housing Administration (FHA) published the quarterly update to its Single Family Housing Policy Handbook 4000.1 (SF Handbook). Revisions include updated policy guidance, clarifications, corrections, and additions to SF Handbook Section I (Doing Business with FHA), Section II (Origination through Post-Closing/Endorsement), and Section V (Quality…
