10/1/14 10:58 AM
Who will prepare the Closing Disclosure Form?
Posted by
SoftPro on 10/1/14 10:58 AM
While the title industry is preparing to implement the new rules and regulations from the CFPB's Final Rule one question that continuously comes up is.... Who will prepare the closing disclosure form? While no one yet knows the answer, Wells Fargo...
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9/17/14 10:58 AM
Can the Closing Disclosure Form be used prior to August 1, 2015?
Posted by
SoftPro on 9/17/14 10:58 AM
That is the most frequently asked question among title and settlement agent regarding the August 1, 2015 implementation date for Integrated Mortgage Closing Disclosure Form (CDF). Can a lender/creditor require a settlement agent to use the form prior to...
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9/16/14 3:11 PM
CFPB Releases RESPA-TILA Disclosure Update and Timing Example
Posted by
SoftPro on 9/16/14 3:11 PM
On Monday, September 8th, the CFPB released updated versions of the Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule.
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On August 26 the Federal Reserve held a webinar addressing some FAQ's from the CFPB's TILA-RESPA Integrated Disclosure Rule. One hot topic covered was whether or not owner's title insurance is subject to the 10% tolerance rule. Below is a summary from...
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8/12/14 11:05 AM
Federal Reserve webinar on CFPB TILA-RESPA Integrated Disclosure Rule
Posted by
SoftPro on 8/12/14 11:05 AM
The Federal Reserve will host a webinar to address frequently asked questions about the CFPB's TILA-RESPA Integrated Disclosure rule. The webinar will take place on Tuesday, August 26 at 2 p.m. EST and address the new rule as the various industry...
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Is your organization ready for the implementation of the new disclosures required by the Consumer Financial Protection Bureau? Looking for some training tools for your employees? If you are a Softpro customer check out the MySoftPro section at...
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On June 9, the U.S. House of Representatives unanimously passed H.R. 3211, the Mortgage Choice Act of 2013. The bill, sponsored by Rep. Bill Huizenga, R-Michigan, specifically exempts fees paid to businesses affiliated with the lender, such as title...
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6/2/14 10:44 AM
Fannie Mae working to make short sale process easier.
Posted by
SoftPro on 6/2/14 10:44 AM
[embed]http://www.nationalmortgagenews.com/news/technology/fannie-enhances-short-sales-website-1041877-1.html[/embed]
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On April 23rd, the CFPB announced that they were looking for participants for their upcoming e-closing pilot program which is slated to begin in October of 2014. After reaching out to consumers, realtors, loan officers, attorneys, and others involved at...
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4/22/14 3:25 PM
Latest small entity guide released by CFPB focuses on new forms.
Posted by
SoftPro on 4/22/14 3:25 PM
The CFPB released their latest small entity guide covering the disclosure forms. The guide can be found at http://files.consumerfinance.gov/f/201404_cfpb_tila-respa-integrated-disclosure-form.pdf. It primarily focuses on a line by line walk through of...
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