Category Archives: Uncategorized

NC is at the forefront of first-ever eClosing and plans to make it new standard in state

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

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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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Mortgage Rates Fall Again

Good news for the mortgage industry.  Click on the link below to read more. Mortgages Rates Drop Again

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CITI issues second round of communication regarding the upcoming TRID changes

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

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JP Morgan Chase to prepare and deliver the Closing Disclosure Form

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

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Thinking about buying a home?

Check out the free Owning a Home Toolkit from the CFPB for assistance in shopping for a mortgage.

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CFPB Adjusts Mortgage Rules to Ensure Credit in Underserved Populations

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/

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CFPB Releases RESPA-TILA Disclosure Update and Timing Example

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

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Is Owner’s Title Insurance Subject to Tolerance?

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

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