SoftPro Current is a blog created by the experts at SoftPro to provide up-to-date information on the ebb and flow of the closing and title industry. Whether it's regulatory changes or other important industry topics, SoftPro is your partner and will work alongside you to help make sense of everything.
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- The new CFPB amendments and how they affect your SoftPro software
- CFPB TRID Amendments: what do they mean for the title and closing industry?
- The CFPB released the final TRID amendments intended to provide more clarity and preserve protections for consumers
- NC is at the forefront of first-ever eClosing and plans to make it new standard in state
- Did you know? Indiana joined states with predictable recording fees.
Author Archives: SoftPro
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
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
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
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
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
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
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
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
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
A group of 21 Democrats in the U.S. House of Representatives has written a letter to President-elect Donald Trump asking him not to remove Richard Cordray as Director of the Consumer Financial Protection Bureau. Meanwhile, republican senators Ben Sasse of … Continue reading