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Secondary Market – "Delegated" vs "Non-Delegated" Underwriting

Home Forums General Observations Secondary Market – "Delegated" vs "Non-Delegated" Underwriting

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    tstrait
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    Currently we do all secondary market loans as a non-delegated underwriter. We are contemplating hiring a delegated underwriter and changing our processes. Would anyone be willing to discuss with me (or provide in response to this post) some of the potential risks and/or costs that we should be considering. From a compliance perspective, are there any additional concerns that you have to address–other than the obvious reporting on our HMDA LAR?

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