Ironic
Category Archives: General
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
Ohio Online Records, no fees
Mike DeWine, Attorney General of Ohio released an opinion prohibiting fees charged by counties for the viewing of online public records. It says, if a county auditor makes a public record available for inspection, they may not charge a fee to make them available on a county website.
Closing Disclosure Final Rule Examination
I created a tool that is in it's infancy, really an alpha release, but it's cool and it may help you review this important information in a new cool way. I took the final rule and parsed it into a linkable database, then hooked that up to an image of the closing disclosure. So in the browser, a hot spotted Closing Disclosure renders with each section or line of the Closing Disclosure hyperlinked to the text of the final rule Section 1026.38 when it is clicked upon.
CFPB Final Disclosure
It's OUT! The Final CFPB Disclosure has been released. Implementation deadline is August 1, 2015. That is a reasonable amount of time, so sit back, relax and read the 1888 pages. The Closing Disclosure and Loan Estimate are also there.
