Author Archives: SoftPro

UCD requirements coming soon…

Both Fannie Mae and Freddie Mac (GSE’s) announced that the Uniform Closing Dataset (UCD) file will be required for all borrower data for all loans purchased by a GSE with a Note Date on or after September 25, 2017.  While this … Continue reading

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The new CFPB amendments and how they affect your SoftPro software

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. While the … Continue reading

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CFPB TRID Amendments: what do they mean for the title and closing industry?

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. We … Continue reading

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The CFPB released the final TRID amendments intended to provide more clarity and preserve protections for consumers

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 changes will … Continue reading

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Did you know? Indiana joined states with predictable recording fees.

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. Gov. Eric Holcomb signed Senate Bill 505 on April 21. The … Continue reading

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SoftPro® Wins Gold in 2017 American Business Awards

SoftPro® Wins Gold in 2017 American Business AwardsSM We are so happy to announce that SoftPro was named the winner of Gold Stevie® Awards in both the Company of the Year – Real Estate and Customer Service Department of the Year … Continue reading

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Did you know that CFPB proposes new changes to HMDA?

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. The bureau first … Continue reading

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Mortgage rates break holding pattern and drop…

While still higher than last year, mortgage rates have broken their holding pattern and dropped, according to Freddie Mac. Click on link to read more Mortgage rates drop

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CFPB to defend constitutionality to full court

The CFPB appealed the October ruling in which a 3 judge panel ruled in favor of PHH.  The CFPB asked the court to rehear the case en banc, meaning the entire court would hear the case, rather than the three judges who initially presided over the … Continue reading

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What is the future of the CFPB?

In a memo leaked by Rep. Hensarling it look as if the republicans are looking to substantially change the structure of the C.F.P.B. and limit the scope of its authority.  While it is unlikely that the republicans would be able to repeal … Continue reading

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