9/21/15 10:59 AM

CFPB finds electronic closings benefit consumer

On August 5th the CFPB issued a report on their e-closings pilot stating that consumers reported a better understanding of their closing documents when utilizing e-closings.  Giving the consumer the ability to review documents before closing allows for time for questions to be addressed prior to sitting down at the closing table.  Read more on the CFPB study by clicking on the link below:

e-closing study results

Topics: Regulatory and Compliance

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