SunTrust Mortgage announced in a letter to its settlement service providers that it will produce and deliver the Closing Disclosure to consumers in order to comply with the TILA--‐RESPA integrated disclosure (TRID) rule. SunTrust will require title and...
Read More
4/23/15 9:20 AM
TRID introduces new terminology to the closing transaction
Posted by
SoftPro on 4/23/15 9:20 AM
Do you know what a variation is? You will starting August 1, 2015. The final rule introduced new terminology which you can expect to see in your lenders closing instructions starting in August. Below are some of the terms that you will see:
Read More
SoftPro's CDF Training Opportunities are NOW OPEN FOR REGISTRATION!
Read More
4/17/15 4:38 PM
Closing Insight™ Integration will Increase Efficiencies
Posted by
SoftPro on 4/17/15 4:38 PM
We are pleased to announce our integration with RealEC® Technologies' Closing Insight™ solution. RealEC® Technologies (RealEC) is a division of Black Knight Financial Services.
Read More
4/17/15 10:13 AM
Recent survey reports mortgage lenders not prepared for August 1, 2015
Posted by
SoftPro on 4/17/15 10:13 AM
41% of mortgage lenders reported that they are not ready for the TRID August 1, 2015 deadline. The figure is a result of a recent survey conducted by Capsilon Corp. at the recent Mortgage Bankers Association’s National Technology in Mortgage Banking...
Read More
4/15/15 11:40 AM
ALTA President Diane Evans to testify before congress today...
Posted by
SoftPro on 4/15/15 11:40 AM
From ALTA press release:
Read More
4/2/15 4:05 PM
ALTA Requests Changes to CFPB’s New Home Loan Consumer Toolkit
Posted by
SoftPro on 4/2/15 4:05 PM
Washington, D.C., April 1, 2015 — The American Land Title Association (ALTA), the national trade association of the land title insurance industry, released the following statement today addressing the Consumer Financial Protection Bureau’s (CFPB) new...
Read More
4/1/15 9:14 PM
CFPB Announces New 'Know Before You Owe' Mortgage Shopping Toolkit
Posted by
SoftPro on 4/1/15 9:14 PM
The Consumer Financial Protection Bureau (CFPB) released a new toolkit that guides consumers through the process of shopping for a mortgage and buying a house. Developed as part of the CFPB’s “Know Before You Owe” mortgage initiative, the toolkit will...
Read More
On March 20th, RealEC Technologies sent out communication regarding Closing Insight. We want to ensure that all Customers received this communication. Please see below. We are excited to be an integration partner with RealEC Technologies and provide a...
Read More
3/27/15 10:49 AM
No plans to delay August 1, 2015 implementation date...
Posted by
SoftPro on 3/27/15 10:49 AM
Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, suggested in a speech on Wednesday that the CFPB could delay the Integrated Disclosure deadline, the CFPB immediately responded....
Read More
