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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- 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.
- SoftPro® Wins Gold in 2017 American Business Awards
- Did you know that CFPB proposes new changes to HMDA?
- Mortgage rates break holding pattern and drop…
Category Archives: Uncategorized
So exciting to see that North Carolina passed a major milestone in the housing finance industry this month, performing its first ever eClosing! According to Housing Wire, the state, along with North State Bank and the help of other key parties, … 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
Good news for the mortgage industry. Click on the link below to read more. Mortgages Rates Drop Again
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 taken on or … Continue reading
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. JPMorgan Chase Announcement: Thursday, March 05, 2015
Check out the free Owning a Home Toolkit from the CFPB for assistance in shopping for a mortgage.
The Consumer Financial Protection Bureau (CFPB) finalized minor adjustments to its mortgage rules which will help nonprofit organizations ensure access to credit and servicing for underserved populations. http://www.consumerfinance.gov/newsroom/cfpb-finalizes-minor-changes-to-mortgage-rules-to-ensure-access-to-credit/
On Monday, September 8th, the CFPB released updated versions of the Small Entity Compliance Guide for the TILA-RESPA Integrated Disclosure Rule. The CFPB also included a timeline that helps illustrate the process and timing of disclosures under the TILA-RESPA Integrated Disclosure … Continue reading
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 the webinar: Q: Is owner’s … Continue reading