Phillip McCall: While there are many potential reasons for this, among them may be that some lenders are getting more aggressive in expanding the credit box to qualify every borrower possible and help them get into homes. In addition, many may be offering products they haven’t offered in some time, such as

With lenders competing for every purchase transaction, some may be dusting off products they haven’t used in years or expanding their credit box to accommodate more borrowers and increase access to homeownership. Ensuring that creativity doesn’t compromise compliance takes serious research and constant QC system updating. We’ve asked Phillip McCall, president and chief operating officer at ACES Quality Management, how lenders can keep up with new and upcoming regulations to maintain loan quality in this very competitive environment.

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