Category Archives: Uncategorized

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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Federal Reserve to host webinar on CFPB’s TILA-RESPA Integrated Disclosure Rule

The Federal Reserve will host a webinar to address frequently asked questions about the CFPB’s TILA-RESPA Integrated Disclosure rule. The webinar will take place on Tuesday, August 26 at 2 p.m. EST and address the new rule as the various industry stakeholders work to implement it … Continue reading

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Fannie Mae working to make short sale process easier.

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CFPB to launch e-closing Pilot Program

On April 23rd, the CFPB announced that they were looking for participants for their upcoming e-closing pilot program which is slated to begin in October of 2014.  After reaching out to consumers, realtors, loan officers, attorneys, and others involved at closing … Continue reading

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House Passes Flood Insurance Reform

By a vote of by a 306-91, the House passed the Homeowner FLood Insurance Adffordabilty Act of 2014 on Tuesday. The bill would prevent the Federal Emergency Management Agency (FEMA) from increasing premium rates when a property is sold or a … Continue reading

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Register Now for SoftPro’s 2014 User Group Conference!

This year’s conference is April 2nd – 4th at the Sanibel Harbour Marriott Resort & Spa in Fort Myers, Florida. Join us for two days of hands-on SoftPro training, gain insight into CFPB’s Final Rule, Industry Best Practices and more. … Continue reading

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FHA announces they will accept electronic signatures

On January 30th FHA issued Docket No. 14-03 stating that they would accept electronic signatures for mortgages that meet certain requirements. http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/letters/mortgagee

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Good news for homebuyers…

Lower interest rates will help reduce borrowers costs. http://www.bloomberg.com/news/2014-01-30/u-s-mortgage-rates-drop-to-a-two-month-low.html

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Are you a SoftPro Customer?

Log into your mySoftPro account at softprocorp.com and check out our newest CFPB training video The Final Rule.

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What didn’t make it into the Final Rule?

The CFPB removed the following items that were in the proposed rule from the Final Rule: Machine readable record keeping: While the CFPB excluded this requirement from the Final Rule, they did note that they would continue to study this … Continue reading

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