The New 2016 ALTA Commitment...SoftPro has You Covered!

Posted by SoftPro on 12/19/17 10:02 AM

Although the decertification date of the 2006 ALTA Commitment has been pushed back to August 1, 2018, you can still use the new 2016 Commitment now! SoftPro has worked with the various underwriters to ensure that the updated 2016 ALTA Commitment is ready and available for you now.

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Tags: Regulatory and Compliance

Don't Miss the 2018 SoftPro User Group Conference!

Posted by SoftPro on 12/11/17 1:15 PM

Join the SoftPro team and other title professionals at the 19th Annual SoftPro User Group Conference! Exclusive to SoftPro users, the 2018 User Group Conference will take place at the beautiful Omni Amelia Island Plantation resort, Florida’s premier AAA Four Diamond destination island resort. The 1,350-acre property overlooks the blue water of the Atlantic Ocean on the east and the green marshland and Intracoastal Waterway on the west.

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Tags: Events

Now Introducing Security Title Integration in SoftPro 360

Posted by SoftPro on 11/27/17 3:00 PM

SoftPro announced an integration with one of the nation’s largest and oldest regional title insurers, Security Title Guarantee Corp. of Baltimore. SoftPro users, who are also agents of Security Title, can seamlessly generate policy and commitment jackets, closing protection letters, and electronically report insured risks directly through their SoftPro software.

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Tags: Integrations

NCTA Names SoftPro Mid-Size Company of the Year

Posted by SoftPro on 11/10/17 10:05 AM

We’re extremely excited to announce that SoftPro was named the winner of an NC Tech Award in the Mid-Size Company of the Year category! 

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Tags: Company News

Decertification Date of the 2006 ALTA Commitment Changed to August 1, 2018

Posted by SoftPro on 11/8/17 1:29 PM

ALTA recently announced that on August 1, 2018, both the ALTA Commitment (06-17-06) and the ALTA Short Form Commitment (10-16-08) will be decertified from the current collection of standard ALTA forms and moved to the archives. The original decertification date for the 2006 ALTA Commitment was December 31, 2017. The reason for the change in the decertification date is to have the date coincide with the decertification of the ALTA Short Form Commitment. 

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Tags: Regulatory and Compliance

The new CFPB amendments and how they affect your SoftPro software

Posted by SoftPro on 7/20/17 9:22 AM

As you may know, the Consumer Financial Protection Bureau (CFPB) recently finalized updates to its “Know Before You Owe” mortgage disclosure rule on July 7. For a full summary of the final amendments from the CFPB, click here.

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Tags: Regulatory and Compliance

CFPB TRID Amendments: what do they mean for the title and closing industry?

Posted by SoftPro on 7/11/17 5:22 PM

As many of you know, CFPB recently released amendments to its TRID rule.  While we would have preferred to see the CFPB address the owner's title insurance calculations, not much changed from the proposal except the “optional” implementation date.

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Tags: Regulatory and Compliance

The CFPB released the final TRID amendments intended to provide more clarity and preserve protections for consumers

Posted by SoftPro on 7/10/17 9:51 AM

On July 7, the Consumer Financial Protection Bureau (CFPB) finalized updates to its “Know Before You Owe” mortgage disclosure rule with amendments that are intended to formalize guidance in the rule, and provide greater clarity and certainty. The changes will facilitate implementation of the Know Before You Owe rule by the mortgage industry. The CFPB is also releasing a limited follow-up proposal to address an additional implementation issue.

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Tags: Regulatory and Compliance

NC is at the forefront of first-ever eClosing and plans to make it new standard in state

Posted by Ellen Crema on 5/12/17 12:17 PM

So exciting to see that North Carolina passed a major milestone in the housing finance industry this month, performing its first ever eClosing!

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Tags: Regulatory and Compliance

Did you know? Indiana joined states with predictable recording fees.

Posted by SoftPro on 5/9/17 5:08 PM

According to ALTA, Indiana became the latest state to enact legislation that enacts predictable recording fees, which helps facilitate fee accuracy and compliance with the TILA-RESPA Integrated Disclosures rule.

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Tags: Regulatory and Compliance

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