As a lender, you are under increasing scrutiny by regulators to comply with federal flood insurance requirements. To avoid the risk of non-compliant loans and financial penalties, you need to understand four main areas before closing a loan in a FEMA-designated flood...
HUD audit reveals $4.5 billion risk to lenders from flood insurance gaps In 2020, loan servicers were exposed to $4.5 billion in risk due to lack of proper flood insurance. This, according to a HUD’s Office of Inspector General’s (OIG’s) audit of FHA-insured...
Two years ago, the idea of working remotely was the stuff of employee fantasy and seemed to be reserved for West Coast startups and tech giant worker bees. When the COVID lockdown hit, companies scrambled to keep things moving with an off-site workforce. To the...
Position: Senior Business Development Manager Office location: Austin, TX Phone: 512-206-6411 Email: nnorris@newboldadvisors.com As one of Newbold’s newest team members, Nathan Norris has a fresh take on what it’s like to join an organization (during a...
Starting a new position within your firm or changing employers for a new opportunity are professional moves that typically present us with pride (“I did it!”), hope (“This is going to be a great move for me.”), and maybe even a bit of anxiety (“I’m nervous about this...
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