Comergence Compliance Views HUD Memo on TPO Management as Good Starting Point for Development of Due Diligence Best Practices

ORANGE, Calif. (SEND2PRESS NEWSWIRE) — Greg Schroeder, president of Comergence Compliance Monitoring, a leading provider of third-party originator (TPO) monitoring and due diligence solutions, says he supports HUD’s move to eliminate FHA approvals for loan correspondents, thereby distancing itself from the risks inherent in the current management of this origination channel.