Do you know what your examiners are looking for today? Will you meet their expectations for your CRA program? Will you know how to respond when they ask what is your CRA program? At SCA, we sure know the answers to these questions and so much more!

If you want to have a successful CRA exam, you need to be prepared and know exactly what the examiners will focus on and, whether any potential fair lending violations could crop up and be identified.

Now that the holidays are behind us and the New Year has rung in, many forecasters believe that 2023’ is going to get worse before it gets better, sooooooo………do you plan on sitting back and just waiting for things to change while your competition grows? Well, snap out of it! Some of us have seen and worked through far worse times than these, so get with the program and begin accomplishing your financial resolutions NOW!

The SCA Mortgage Exchange, a mortgage banking advisory group is pleased to present an offering of $224MM of residential mortgage loans consisting of 450 Fixed-Rate and Adjustable-Rate mortgages. The breakdown of this pool is as follows:

The WAC is 4.249% with a remaining term (WAM) of 354 months, with an LTV of 73.61% and a DTI Ratio of 34.62. The weighted average FICO Score is 753.

For those of you not aware of the recent technical amendment to the HMDA rule issued by the Consumer Finance Protection Bureau (CFPB), this technical amendment updates Reg C to reflect the closed-end mortgage loan threshold, pursuant to a recent court decision.

On September 23, 2022, the U.S. District Court for the District of Columbia vacated the increased loan-volume reporting threshold for closed-end mortgage loans that was in the 2020 HMDA Rule.

In this series we will highlight some of the folks that keep the SCA machine moving forward and continually improving year over year to best meet our clients needs.

This week, we’d like to introduce a new addition to the team: Donna L. Thaxter

In this series we will highlight some of the folks that keep the SCA machine moving forward and continually improving year over year to best meet our clients needs.

This week, we’d like to introduce the face the head of our compliance department, Rob Ellis.

Market segmentation is a cornerstone of marketing but in the mortgage industry it can be a maze of potential compliance violations.

Marketing in the mortgage industry requires something of a recalibration for marketing personnel. In almost every other industry good marketing begins with finding out exactly who your ideal target customer is: how old they are, what nationality and race, how much income they generate, what their political affiliation are, and other variable can be very helpful metrics in the effort to make sure your marketing impressions are as impactful as possible.

In this series we will highlight some of the folks that keep the SCA machine moving forward and continually improving year over year to best meet our clients needs.

This week, we’d like to introduce the face of our Director of Sales Southwest Region and a pivotal part of the national expansion SCA is currently undergoing: Paul Pouliot, Director of Sales Southwest Reason

In this series we will highlight some of the folks that keep the SCA machine moving forward and continually improving year over year to best meet our clients needs.

This week, we’d like to introduce the face of our loan servicing department, Heather Papows.

Effective January, 2023’, the advisory group at the SCA Mortgage Exchange can help you manage your asset balance sheet and increase your liquidity on a regular monthly or quarterly flow loan basis.

We at the exchange are excited to partner with several Sellers who are ready to deliver residential mortgage loan products in a timely and accurate manner.