3/8/15 5:02 PM
CITI issues second round of communication on upcoming TRID changes
Posted by
SoftPro on 3/8/15 5:02 PM
Citi sent out, "This is the second in our series of planned communications regarding the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure Rule (Rule) that will be effective for most mortgage applications...
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Bank of America issued a memo to their settlement agents today relaying their expectations for compliance starting August 1, 2015. Click on the link below for more information.
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3/6/15 1:04 PM
JP Morgan Chase to prepare and deliver the Closing Disclosure Form
Posted by
SoftPro on 3/6/15 1:04 PM
JPMorgan joins several other large lenders in their decision to prepare and deliver the closing disclosure form starting August 1, 2015. Click on the link below for more information.
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Union Bank issued a memo this week stating that they will be using a Web-based tool called Closing Insight™ to facilitate the exchange of all documents, data and information related to loan closings.
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Click on the link below to view announcement:
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The CFPB took action against NewDay Financial, LLC for deceptive mortgage advertising and kickbacks. NewDay deceived consumers about a veterans’ organization’s endorsement of NewDay products and participated in a scheme to pay kickbacks for customer...
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1/16/15 10:01 AM
Good News for the title and mortgage industry
Posted by
SoftPro on 1/16/15 10:01 AM
Home lending set to bounce back in 2015
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Check out the free Owning a Home Toolkit from the CFPB for assistance in shopping for a mortgage.
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1/14/15 12:57 PM
CFPB Launches program to assist homebuyers as they shop for a mortgage
Posted by
SoftPro on 1/14/15 12:57 PM
The Consumer Financial Protection Bureau (CFPB) released a report finding almost half of consumers don’t shop around for a mortgage when purchasing a home. The CFPB is launching “Owning a Home,” an online toolkit designed to asist buyers as they shop for...
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The Consumer Financial Protection Bureau’s final rule for new integrated mortgage disclosures doesn’t simply combine two disclosures. It merges to federal regulations as well. The new Loan Estimate and Closing Disclosure, which go into effect Aug. 1,...
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