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We had a really busy and wonderful time at the 2014 MBA Annual in Las Vegas last week. It was great to talk to so many people about our solutions and see the excitement start to bubble over the fear of TILA-RESPA a little bit. If you weren’t able to visit our booth, and by chance didn’t even see us in our glowing, bright orange shirts, visit us at pavaso.com and schedule a demo today.
Let’s hear from you — what were your top take-aways from the MBA Annual Conference & Expo? Post in the comments and let’s open up the discussion!
And with the conference over, we’re now into Week 40 of the Lender Implementation Guideline, which is two weeks into the Analyses & Decisions phase. Have you started reviewing your workflow, systems and compliance, in order to determine the revised procedures, system recommendations and policies you’ll need for Aug. 1, 2015?
This phase is extremely important, as it’s going to uncover the gaps in your organization today that will need to be filled in order to meet the demands and changes of the TILA-RESPA Integrated Disclosures.
As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met. Let’s not forget the tolerances we previously discussed in several posts, the most helpful and thorough being Part 1 of complying with TILA-RESPA tolerances.
Looking for a helpful, quick overview of TILA-RESPA and technology? Then watch it on TV in 15 minutes! In case you missed the first airing, our CEO, Mark McElroy, will be on TV again one more time in November. The show is 21st Century Television, with guest host Donald Trump Jr. interviewing Mark about the TILA-RESPA ruling, and how technology available today can not only help the industry comply, but thrive with a whole new world of possibilities in a digital marketplace. It airs on Bloomberg TV, and we’ll post the airing time as we get closer to the broadcast date.
And as always, don't forget to register for a free account at the TILA-RESPA Knowledge Center, where you can browse a knowledge base of articles and documents, or join conversations in the forums!
All information and views expressed or implied are provided without warranty and are only opinion. Each participant should seek legal representation for legal interpretation of the ruling and the CFPB directly for final instruction and interpretation. The final rule can be found here.