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Universal Mortgage

Universal Mortgage Solutions - (403)342-2471

Universal Mortgage Solutions www.canpages.ca Suite 6 5579 47 St , Red Deer, AB, T4N1S1 (403) 342-2471

First United Bank welcomes President of Universal Insurance, Howard McClure

Durant, Oklahoma -- First United Bank® would like to welcome Howard McClure as the new President of Universal Insurance, a First United Company. In this role, McClure will be responsible for leading the First United Bank Insurance teams throughout Oklahoma and Texas.  

Prior to joining First United, McClure was president and chairman of the board of Fifth Third Insurance Agency. He set the strategy and led the acquisition of two agencies with total revenue of $19,000,000. He was also responsible for Fifth Third’s $17,000,000 life insurance business and $6,000,000 title insurance company—Vista Title.

McClure graduated from Colorado College with a BA in Business, but was born and raised in the Dallas area where he and his wife currently reside.

“Howard is a valuable addition to the First United Insurance team,” said Mark Dawson, Chief Financial Services Officer and President of First United Bank Mortgage.

McClure said, “I am excited to build out our Insurance business. We already have a large customer base in the OKC area with Universal and Ledbetter, but I am looking forward to eventually expanding in the Tulsa, Dallas, Austin, and San Antonio areas.

CFPB posts rule explaining how HMDA exemptions will work

The Consumer Financial Protection Bureau issued an interpretive rule Friday to clarify changes made to the Home Mortgage Disclosure Act that were mandated by President Trump's regulatory relief law.

The reg relief law, signed in May, exempts roughly 85% of banks and credit unions from reporting the expanded HMDA data points introduced for the 2018 reporting year. The mortgage industry lobbied heavily for the changes, particularly for an exemption from disclosures of all points and fees when a loan is originated.

After signaling in early July that it would release updated HMDA guidance this summer, the CFPB issued an "interpretive and procedural rule" on Aug. 31 and said it expects to initiate a notice-and-comment rulemaking "at a later date" to incorporate its interpretations into Regulation C, which implements HMDA.

The CFPB said it needed to clarify how banks and credit unions that receive the HMDA exemption through the Economic Growth Act should proceed with data collecting and reporting. It also clarified that the structure and requirements of the data to be reported is not being modified or reversed, only that some fields are exempted.

How much does the Universal American Mortgage Company loan officer make?


As much as they want & can.