Newsletters
Quality Lending Review
Quality Lending Review is The Prieston Group's current newsletter
and is one of the industry's premier publications on mortgage fraud.
QLR offers timely discussion and analysis of key issues faced by
lenders, investors and securitizers in raising the level of quality
in the mortgage banking industry. QLRs also include commentary from
TPG's Chairman, as well as updates on legislation around the country,
profiles of TPG clients and fraud trends and statistics.
| 2006 |
|
|
| October
|
|
This issue features the announcement that outgoing MBA Chairman Regina Lowrie has joined The Prieston Group. In this new role,
Ms. Lowrie will handle advocacy work, strategic planning and business modeling for TPG, drawing on her long history of success in the mortgage banking industry
to advocate for best practices standards throughout the industry. Additionally, this edition of QLR introduces readers to other changes at
TPG including the addition of experienced mortgage banker Jon Daurio and the creation of the American Mortgage Law Group, a national firm serving clients throughout the mortgage industry.
The newsletter also includes an article about the power of the TPG-E1 as well as practical tips for spotting straw borrowers in loan files.
>> Download
and View PDF  (0.7MB) |
| |
|
|
| September
|
|
This issue features an introduction to a new service The Prieston Group
(TPG) will be offering to its clients - access to the scratch and dent
market. In this increasingly difficult marketplace, repurchases
continue to rise, making it even more necessary that all lenders -
regardless of size - have access to this market. This new offering
provides exactly that. Additionally, this edition of QLR offers a look
at a website TPG recently came across that raises concerns in the fight
against mortgage fraud, as well as a roundup of recent media stories on
mortgage fraud.
>> Download
and View PDF (0.5MB) |
| |
|
|
| August
|
|
This issue features a discussion on the impact that layoffs and mergers and acquisitions can have on loan quality.
As the article explains, all of these changes can affect a company?s culture and its ability to originate quality loans.
With the continued slowing of the marketplace, this trend of increased layoffs and mergers and acquisitions is likely to continue,
making it even more important to be vigilant in the fight against fraud. In addition, this edition of QLR offers a look at the
growing number of incentives builders are using to rid themselves of new home inventory, along with an article on the increasing
number of out-of-state borrowers buying new homes across the country.
>> Download
and View PDF (0.5MB) |
| |
|
|
| July
|
|
This issue features a timely article on continuing to do quality business in a changed marketplace. As the article explains,
the marketplace has clearly changed, and has shifted in such a way that could lead to more fraud getting through.
Additionally, this edition offers a glimpse at the change attorneys with TPG-affiliated law firm Lanahan & Reilley are experiencing
when pursuing fraud cases in the current market slowdown. The newsletter also offers a unique look at the top 15 red flags
TPG consistently sees in files containing fraud and how few of those red flags are caught by technological tools.
>> Download
and View PDF (0.5MB) |
| |
|
|
| June
|
|
This edition offers a unique feature story that examines the similarities and differences between TPG?s fraud-related data and analysis and those found in a recent report on fraud. Additionally, this newsletter also takes a look at what attorneys with TPG-affiliated law firm Lanahan & Reilley have been speaking about at conferences, as well as why effective QC reports are so vital in the fight against fraud. This issue also features an article based on an amazing email string one of our clients sent to us, and it demonstrates just how brazen fraudsters can be.
>> Download
and View PDF (0.5MB) |
| |
|
|
| April/May
|
|
This month?s feature story focuses on why scratch and dent loans are on the rise and how TPG can assist lenders in selling these loans, even if the loans have not been found to contain fraud. This edition of QLR also contains an analysis showing how TPG Approved Lenders have fewer repurchase requests due to fraud than non-TPG Approved Lenders. Additionally, we have included an article about a bill Sen. Barack Obama of Illinois plans to introduce that deals with mortgage fraud.
>> Download
and View PDF (0.5MB) |
| |
|
|
| March
|
|
This month?s feature story focuses on why technological tools can help in the fight against fraud, but why they should never be considered a cure-all. This edition of QLR also contains an update on the banner year TPG-affiliated law firm Lanahan & Reilley had in 2005 on behalf of TPG clients. Additionally, we have included an article on a website our trainers have come across that offers to dramatically increase an individual?s credit scores as well as an article on new regulations proposed by the State of New York Banking Department.
>> Download
and View PDF (0.5MB) |
| |
|
|
| February
|
|
This month?s feature story focuses on why close relationships with servicers benefit all involved. This edition of QLR also contains an article on the MBA?s recent unveiling of its Advocacy Agenda, as well as a statistical wrap-up of 2005. Additionally, we have included an article on the top 15 red flags our trainers see on the road as well as a roundup of some of the recent mortgage fraud news to be reported.
>> Download
and View PDF (0.5MB) |
| |
|
|
| January |
|
In this first issue of 2006, we discuss proposed legislation out of New Jersey that
would is designed to define mortgage fraud as a crime, outline punishments for
committing mortgage fraud and protect homeowners and the industry from this crime.
This issue also discusses the FBI's announcement regarding the results of its
Operation Quick Flip. We have also included a summary of research showing that the
majority of mortgage lenders conclude that mortgage fraud is a serious problem. You
can also try your hand at detecting red flags in a particular set of documents and facts.
>> Download
and View PDF (0.5MB) |
2005 |
|
|
December
Vol. 3, No. 9 |
|
This month's feature story recaps some of the big mortgage fraud news of the past
year, from the FBI naming mortgage fraud as a top priority to high profile arrests
and convictions of fraudsters. This edition of QLR also contains an article on the
value TPG's certification and innovative suite of services provide to lenders,
especially as the year comes to a close. Additionally, we have included an article
about "sham" title agencies in Colorado being shut down, statistics that reveal
the top fraud hot spots and an update on the national loan officer registry.
>> Download
and View PDF (0.6MB) |
| |
|
|
November
Vol. 3, No. 8 |
|
This month's feature story discusses different exit strategies beyond foreclosure.
The article talks about the rise in different exit strategies we have seen here at
The Prieston Group, and how we work with clients' best interests in mind to resolve
issues in a mutually cost-effective manner. This edition of QLR also contains an
article on the growing recognition TPG is gaining throughout the industry, as well
as an exercise to test your knowledge of potential red flags and the answers to the
quiz published in October's QLR.
>> Download
and View PDF (2.3MB) |
| |
|
|
October
Vol. 3, No. 7 |
|
This month's feature story touches on the use of fraud prevention
technology tools, why lenders should not rely on them too heavily and
why the TPG Approved Lender designation is the best approach to fighting
fraud. The article then details the powerful suite of solutions TPG
Approved Lenders have access to, including training, loss mitigation,
insurance and ongoing data and support. This edition also contains an
article Hurricane Katrina's potential impact on lenders, as well as a
quiz that lets you test your mortgage fraud knowledge.
>> Download
and View PDF (0.6MB) |
| |
|
|
September
Vol. 3, No. 6 |
|
This month's feature story delves into the value TPG-affiliated
law firm Lanahan & Reilley brings to TPG Approved Lenders.
Lanahan & Reilley's stats alone are impressive: $1.2 million in
cash recoveries and $700,000 in other loss mitigation - all in
the past 18 months. The article also explains Lanahan & Reilley's
unique approach to making fraudsters pay up through mitigation first,
then litigation. This edition of QLR also contains analytics on the
substantial impact TPG training has, as well as an article on recent
fraud schemes that have come to light.
>> Download
and View PDF (0.6MB) |
| |
|
|
July/August
Vol. 3, No. 5 |
|
This issue's feature article addresses the cost of mortgage fraud
to consumers. From higher fees and rates to increases in neighborhood
crime, mortgage fraud can have a variety of impacts on consumers. In
addition to providing lender perspectives, the article also offers the
true tale of one community's dealings with this blight. This edition
also contains a real-life mortgage fraud example, notes of what our
trainers are seeing on the road and information on our new, updated
website.
>> Download
and View PDF (0.5MB) |
| |
|
|
June
Vol. 3, No. 4 |
|
This month's feature article tackles the thorny issue of mortgage fraud's
pervasive and growing nature. In the article, we explore different types of
mortgage fraud schemes and discuss how much it is costing you. In addition,
the newsletter contains a real-life mortgage fraud example, updates on
legislative actions that you should be aware of and information on down
payment assistance schemes we?re seeing. This issue also offers an exclusive
analysis of the value our training and other fraud prevention services provide.
>> Download
and View PDF (0.5MB) |
| |
|
|
| Vol. 3, No. 3 |
|
This month's feature article deals with credit enhancement
on mortgage-backed securities. In it, we explore current CE methods
as well as the value The Prieston Group's suite of fraud prevention
tools adds to MBS. The newsletter also contains real-life mortgage
fraud examples, updates on pending court cases of interest to
mortgage lenders and information on the bill that would establish
a national standard on predatory lending. This issue also offers
an analysis of new appraisal report forms recently announced
by Fannie Mae. Are lenders better protected?
>> Download
and View PDF (0.5MB) |
| |
|
|
| Vol. 3, No. 2 |
 |
This issue's feature article examines the link between technology
and mortgage fraud and why lenders can't afford to rely solely
upon technological tools to prevent such fraud. The newsletter
also includes the text of the National Home Equity Mortgage Association's
announcement that TPG Chairman Arthur Prieston will serve as
its spokesman on mortgage fraud.
>> Download and
View PDF (0.5MB) |
| |
|
|
| Vol. 3, No. 1 |
|
The first issue of 2005, this newsletter focuses on the power
that closing instructions can have in protecting lenders from
mortgage fraud, including a case study from TPG affiliated law
firm Lanahan & Reilley. Another article discusses the trend
of dealers once again opening whole loan conduits.
>> Download
and View PDF (0.2MB) |
| |
|
|
| 2004 |
|
|
Inaugural
Issue |
|
This first issue of QLR features the results of an industry
survey on the effectiveness of fraud prevention tools. It also
offers a look at the benefits mortgage lenders receive from their
relationships with Wall Street firms and an introduction to TPG's
highly qualified top management.
>> Download
and View PDF (1.7MB) |
| |
|
|
Previous Newsletter Publications
The Prieston Group has published various newsletters over the years, and is
happy to make available past publications and the valuable insight they offer.
|
