Closings Rise but Profit Drops

MBS can Explain Why

and Guide You Through the

Unintended Consequence of GAAP

 

MBS teaches CPAs and advises the industry on the most advanced accounting issues facing mortgage lending for both independent mortgage banks and Supervised depositories in mortgage lending including:

 

• IRLC unrealized gain

• SEC and Call Report Issues

• MSR treatment and impairment testing

• MTM of TBA Short Position

• Derivative Accounting

• Hedge Accounting Training

• Teach CPA - Revenue Stability

• Data validation and interface

• SLA validation due diligence in TPM

• Compliance Management System

 

 

How does it make sense to:

1) count revenue on locked applications that may not close
    and then
2) not count the origination fee when the loan is close?

​

​

Dr. Schell created a white paper to thoroughly explain the IRLC details and fair value impact.