Texas Loan Status Rules and Forms Amended Effective May 1, 2020

In Client and Friends Memos, Forms by BMG Memorandum

In the November 1, 2019, issue of the Texas Register (44 TexReg 6524, 6527) the Finance Commission of Texas adopted amendments to the Texas Administrative Code rules in 7 TAC §§80.201 and 81.201 concerning the usage of the conditional pre-qualification and conditional loan approval forms (herein “loan status forms”) attached to §§80.201 and 81.201 as Forms A and B. The …

Updated Exemption Thresholds for Consumer Credit Transactions and Higher-Priced Mortgage Loan Appraisals

In Client and Friends Memos by BMG Memorandum

In the October 30, 2019, issue of the Federal Register (84 FR 58020), the Board of Governors of the Federal Reserve System (“Board”) and the Bureau of Consumer Financial Protection (“CFPB”) published final rules increasing the threshold for consumer credit transactions exempt from the Truth In Lending Act. Also in the October 30, 2019, issue of the Federal Register (84 …

Best Practices: BM&G Resources Page

In Stories by News Room

Have you checked out BM&G’s Resources page? It’s your one-stop source for the latest industry news. Our aim is to equip you with timely, accurate information to help you better serve your clients. Be sure to check out our new videos on topics like Taxes in Texas, Texas Survey Requirements, and Branding. You’ll also be able to access our library …

Best Practices: Tom Black on Gratitude

In Stories by News Room

If you’re anything like me, it’s easy to get caught up in the daily hustle and bustle of life – meetings, appointments and marking things off your to-do list. But each year as the holiday months roll around, I’m reminded more to count my many blessings – family, work-family, clients, and health. And did I mention my two granddaughters? Thanksgiving …

Best Practices: The Disney of Doc Prep

In Stories by News Room

Some months ago, Tom Black attended Disney University in Orlando to learn from the customer experience experts at one of the world’s most beloved companies. As a long-time Disney fan, he wanted to hear how the entertainment giant delights its customers so that BM&G might apply some of those best practices to our firm’s goal to continuously improve our service. …

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Employee Spotlight: Shelly Rubey

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Twenty-year BM&G veteran Shelly Rubey calls herself a “jack of all trades,” and she likes coming to work each day knowing it may be nothing like the day before. She’s worked with Tom Black since 1998, and one of her earlier memories stems back to 2000 when he sent her to one of the firm’s larger clients to help set …

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Employee Spotlight: Tom Black (social 11/20)

In Stories by News Room

We’re asking team members questions about themselves – from fun facts to superpowers and the best part of working at BM&G. Next up in our profile series is Managing Partner Tom Black! 1. Number of years at BM&G: 32 2. Fun fact about you: I taught at MBA’s School of Mortgage Banking for 25 years 3. Favorite hobby/pastime: Notre Dame …

Industry News: Golf for a Cause

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We do some of our best work on the golf course, especially when it’s for a good cause! Here’s a great shot of our Client Relations Specialist Rachelle Rowan pictured here with (L-R) Paul Marsh, Encompass Lending Group; Brian Huddleston, Fidelity Bank; Wayne King, Encompass Lending Group; and Don Miller, Paramount Residential Mortgage Group. They played recently at the 2019 …

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Employee Spotlight: Ryan Black

In Stories by News Room

Each month we’re asking team members eight questions about themselves – from fun facts to superpowers and the best part of working at BM&G. Next up in our profile series is Client Relations Specialist Ryan Black! 1. BM&G office location: Houston, TX 2. Number of years at BM&G: 3 3. Fun fact about you: I have lived in 7 states …