No permanent deputy director named yet but a new acting one was. The CFPB named David Silberman as acting deputy director replacing the current acting deputy director Meredith Fuchs. Silberman currently serves as associate director for research, markets,...
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In a letter to the Mortgage Bankers Association the CFPB's director, Richard Cordray, said administrative errors in key sections of the new disclosure rules, would not likely create a scenario where a private investor could sue the lender, or where the...
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12/10/15 4:36 PM
U.S. Bank Home Mortgage Responds to Settlement Agent TRID Inquiries
Posted by
SoftPro on 12/10/15 4:36 PM
U.S. Bank Home Mortgage, a division of U.S. Bank National Association, (“USBHM”) is providing additional responses to Settlement Agent inquiries specific to the policies and procedures for closing loans as a result of TRID implementation. The below...
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11/6/15 9:43 AM
Make Sure You Only Register for RealEC's Closing Insight One Time...
Posted by
SoftPro on 11/6/15 9:43 AM
Notification: RealEC Closing Insight Registration Issue
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10/23/15 4:03 PM
SoftPro was used to close the FIRST post-TRID loan in the Nation!
Posted by
SoftPro on 10/23/15 4:03 PM
Congratulations to Priority Title & Escrow, a SoftPro Select customer, on successfully closing the FIRST post-TRID loan! Mike Steier, Vice President of Priority Title & Escrow said, “The SoftPro upgrade process, training materials, support, and the...
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10/20/15 9:18 PM
FHA to allow a grace period for TRID enforcement
Posted by
SoftPro on 10/20/15 9:18 PM
Looks like FHA will join the CFPB, Fannie Mae and Freddie Mac in allowing a grace period for enforcement for the TRID Rule which went into effect on October 3, 2015. Read more below:
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9/30/15 10:33 AM
TDI requires use of Texas Disclosure Form (T-64) starting Oct 3, 2015
Posted by
SoftPro on 9/30/15 10:33 AM
The Texas Disclosure (T-64) is an addendum to the new federal Closing Disclosure form. On October 3, 2015, the Texas Department of Insurance (TDI) will require settlement agents to use the Texas Disclosure in addition to the Closing Disclosure Form.
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9/30/15 10:04 AM
House Financial Services Committee on Hold Harmlesss Period for TRID
Posted by
SoftPro on 9/30/15 10:04 AM
9/21/15 11:08 AM
October 3rd is fast approaching....have you talked to your lender yet?
Posted by
SoftPro on 9/21/15 11:08 AM
October 3rd is almost here... have you talked to your lenders yet? Different lenders will have different requirements. Use the lender checklist below when talking to your lenders to make sure you are asking the right questions.
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9/21/15 10:59 AM
CFPB finds electronic closings benefit consumer
Posted by
SoftPro on 9/21/15 10:59 AM
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...
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