Enterprise Lending Solutions provider Mortgage Cadence recently announced they’ve engaged Weiner Brodsky Sidman Kider PC to provide expert insight and analysis on federal and state compliance and regulatory matters. This relationship should help strengthen Mortgage Cadence Finale’s reverse mortgage document preparation service.
“Mortgage Cadence is very proud of the leadership position we have taken in the document preparation and delivery market, and we will depend on our strong and capable team to build on our success and help realize the benefits of our investments as we continue to grow within the space,” stated Michael Detwiler, Chief Executive Officer of Mortgage Cadence
Weiner Brodsky Sidman Kider PC is nationally recognized for their knowledge and understanding of the legal and business issues affecting the financial services industry. They have served as Special Counsel to the Mortgage Bankers Association of America on RESPA matters and currently serve as General Counsel to the National Reverse Mortgage Lenders Association.
“As the industry grapples with the large volume of new state and federal regulations aimed at providing greater protection to consumers, it becomes even more important for in-house legal and compliance departments to have access to knowledgeable and experienced service providers who specialize in these matters and who can provide timely and reliable results,” added Mitchel Kider, Managing Partner of Weiner Brodsky Sidman Kider PC.
Ensuring that reverse mortgage lenders stay in compliance will continue to get tougher as states pass specific laws for reverse mortgages. Just a few weeks ago, state regulators in Massachusetts issued for cease and desist orders against reverse mortgage lenders due to not having the proper license required to originate reverse mortgages.