A couple days ago the Consumer Financial Protection Bureau (CFPB) reached a settlement with Lighthouse Title in Michigan over Marketing Services Agreements (MSA). It included Lighthouse paying $200K fine, ending all MSA’s, and tracking any exchange of “things of value” worth more than $5 keeping a five years history. Possibly explosive, links to more detail in this short article.
ProForm Emergency System, when, now, what, how…
This past weekend was an interesting one. Not only was it my birthday, we had an Enterprise 6.3 client's SBS 2008 R2 server have 3 of 6 drives in a RAID 5 array in a pending error status. There was serious talk of a punctured array. It's a small business so it not only was it the sole active directory provider, it also managed DNS, DHCP, and SQL servers not to forget File and Print service. The IT staff was busy rebuilding arrays, drives, and restoring backups, time estimates for data transfers were given in half days. About a day and a half and this job should be complete. Then it failed, another day long attempt and failure had the calls out to put Option "D" in place.
Way Off Topic, but Funny
Ironic
New Machine, ProForm SQL doesn’t connect
ProForm can't find it's databases, an ODBC connectivity test passes, but when ProForm is started, it throws an error. The test system is a small network of Terminal Server and a few Windows 7 machines, a new Windows 7 64 bit machine was installed. ProForm Classic 12.2 is throwing a PFWIN-028 error message, cannot initialize databases. Starting ProForm as Administrator using this registry entry to allow drive mappings to occur works fine, but requires the user to click an extra dialog box on one computer but not the rest of the network.
Look out, the CFPB wants to know about eClosing
The CFPB wants to learn about the electronic closing business and is looking for agents who currently have some electronic closing system in place. They are the government and they are here to help the consumer. The CFPB's vision is for a "knowledgeable, empowered homebuyer experiencing a more efficient, consumer-friendly process." If you do eClosings, Read on….
New Guide on Closing Disclosure Forms
The Consumer Financial Protection Bureau (CFPB) has released a new guide to for the new forms. This one weighs in at a scant 96 pages. It covers the Loan Estimate and Closing Disclosure forms very well. Download a PDF of the TILA-RESPA Integrated Disclosure Guide to the Loan Estimate and Closing Disclosure forms Phew that is a mouthful.
SoftPro Users Conference 2014
The 2014 SoftPro Users Conference has come and gone. It was an exciting event with SoftPro Select and the combination of 360 with SoftPro Live taking the main stage. The Select feature set is growing with superb elements, global rules, unheard of automations, and a soon to be a 100% coverage API allowing developers to fully integrate with Select. It is faster, cleaner and more secure. The current API is robust covering over 90% of the system
