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.
Tag Archives: Implementation
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
With investors worried about the consequence of errors on the CDF it is expected that the CFPB will address the secondary market concerns in their clarifications expected this July. To read more click below. http://www.nationalmortgagenews.com/news/compliance-regulation/cfpb-clarity-on-investors-trid-liability-could-thaw-secondary-market-1079681-1.html
On Tuesday, April 12 at 2 p.m. EDT, the Federal Reserve hosted a webinar on the Know Before You Owe mortgage disclosure rule. A link to a recording of this webinar is now available on the Bureau’s website. You can … Continue reading
The CFPB provided guidance to the industry on the negative amount for owner’s title insurance policy question during their webinar on April 12, 2016. Below is the question and response from the CFPB during the webinar. Q7: The calculation of … Continue reading
This Thursday, April 7th at 10:00 am EST, Director Cordray will testify before the Senate Banking Committee in a session called “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress.” Use this link to access the live webcast on Thursday, April 7th at 10:00 … Continue reading
In a recent letter to the CFPB’s Director Cordray, the Association of Mortgage Investors shed some light on some of the common mistakes that have come about from TRID. The letter addressed industry concerns over mistakes being made, albeit minor mistakes, … Continue reading
The Consumer Financial Protection Bureau (CFPB) announced that the Federal Reserve will be hosting a webinar on the TILA-RESPA Integrated Disclosure (TRID) rule, at 2 p.m. EDT Tuesday, April 12. Anyone who would like to participate in the webinar can register here. … Continue reading
The TRID grace period bill has yet to go though. Read more on the status: TRID Grace Period in Limbo
The CFPB announced a webinar on disclosing construction loans under TRID, When: March 1st at 2pm Eastern. To register: https://www.webcaster4.com/Webcast/Page/577/13246
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