Tag Archives: Compliance Guide

CFPB creates guide for the settlement agent

The CFPB created a resource for settlement agents called “The Settlement Professional’s Guide”. This guide was designed to help settlement professionals navigate through TRID. It highlights what hasn’t changed, what has changed and how to move through a transaction under … Continue reading

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CFPB’s complaint department is very busy these days…

According to the 7th volume of the CFPB Monthly complaint report for December 2015 released on Thursday, the bureau has received 790,000 complaints since opening it’s doors in 2011.  Of the 790,000 complaints 209,618 of them were specific to mortgages. Click on the link … Continue reading

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CFPB Announces New ‘Know Before You Owe’ Mortgage Shopping Toolkit

The Consumer Financial Protection Bureau (CFPB) released a new toolkit that guides consumers through the process of shopping for a mortgage and buying a house. Developed as part of the CFPB’s “Know Before You Owe” mortgage initiative, the toolkit will help … Continue reading

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CFPB Releases Readiness Guide

The Consumer Financial Protection Bureau has released an updated rules Readiness Guide that includes the TILA-RESPA Integrated Disclosure. “This update offers financial institutions and other industry participants valuable guidance on how to evaluate their readiness for complying with the mortgage rule … Continue reading

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Who will prepare the Closing Disclosure Form?

While the title industry is preparing to implement the new rules and regulations from the CFPB’s Final Rule one question that continuously comes up is…. Who will prepare the closing disclosure form?  While no one yet knows the answer, Wells Fargo … Continue reading

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Can the Closing Disclosure Form be used prior to August 1, 2015?

That is the most frequently asked question among title and settlement agent regarding the August 1, 2015 implementation date for Integrated Mortgage Closing Disclosure Form (CDF).  Can a lender/creditor require a settlement agent to use the form prior to August 1, 2015?  The CFPB addressed this … Continue reading

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