In advance of the new requirements added to the Real Estate Settlement Procedures Act (RESPA) that take effect January 1, 2010, the Minneapolis-based Wolters Kluwer Financial Services launched its RESPA Tool Kit to help financial institutions understand and implement the changes. The software provides an overview of the Department of Housing and Urban Development‘s (HUD) changes, including revisions to the good faith estimate and HUD-1 and HUD-1A documents, as well as settlement cost booklets intended clarify loan terms to consumers. Wolters Kluwer said the software also helps companies streamline their RESPA policy development with sample policies that can be edited to meet a company’s needs as well as provide employee training on the new requirements. “Utilizing the complete RESPA Tool Kit provides financial institutions with the essential resources needed to help prepare for the upcoming changes,” says Jason Marx, vice president and general manager, Mortgage, Wolters Kluwer Financial Services. “And every tool in the kit is built upon our decades of risk management experience and expertise,” he adds. Write to Austin Kilgore. Jason Marx is writing an exclusive feature on the practice of outsourcing loan modifications for the October issue of HousingWire magazine. Get your copy here.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

HousingWire is growing. Come join us

2019 has been a year of tremendous audience and product growth for HousingWire and we couldn’t be prouder. But we’re not ready to rest on our laurels. Far from it. In fact, 2020 promises to be an even bigger year for HousingWire.

Dec 06, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please