The U.S. House Financial Services Committee passed the ALTA-supported TRID Improvement Act of 2017 (H.R. 3978) by an overwhelming 53-5 bipartisan vote in mid-November 2017. The bill, introduced by U.S. Reps. French Hill and Ruben Kihuen, corrects the...
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12/19/17 10:02 AM
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...
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11/8/17 1:29 PM
Decertification Date of 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...
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7/20/17 9:22 AM
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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7/11/17 5:22 PM
CFPB TRID Amendments: what do they mean for the title 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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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...
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5/12/17 12:17 PM
North Carolina at forefront of first-ever eClosing
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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5/9/17 5:08 PM
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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4/14/17 11:35 AM
CFPB proposes new changes to Home Mortgage Disclosure Act (HMDA)
Posted by
SoftPro on 4/14/17 11:35 AM
According to Housing Wire, the Consumer Financial Protection Bureau issued a much-asked-for proposal to clarify the 2015 updates to the Home Mortgage Disclosure Act rule, in order to help ensure industry compliance, according to the national regulator.
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While still higher than last year, mortgage rates have broken their holding pattern and dropped, according to Freddie Mac.
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