This article is part of HW PartnerDirect™. What is this?

We are now entering week 33 of the Lender Implementation Timeline, which means four months have flown by since the one-year countdown to Aug. 1, 2015 started. The year is quickly coming to a close, and as we look back on just the last 12 months, it’s still hard to believe all of the progress that has been made in this industry from a technology perspective.

You’ve been constantly bombarded with information, warnings, and the non-stop press about the CFPB and the TILA-RESPA Integrated Disclosure rule, and it’s possible that it’s taken a mental toll on your organization. That is likely due to the fact that the industry as a whole has focused purely on the compliance portion of the rule instead of also looking at the delivery of it. Is this the case in your business?

By also looking at how you’ll deliver to the rule, you’ll find that the answers for many of the questions from looking at the compliance of it have been solved. Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further. If you haven’t taken our advice from this blog in taking a look at some of them, now is the time to do it.

Start by taking a look at what a digital closing solution can do for your business. Last week we discussed how truly digitizing the closing process can save businesses over $1,100 per closing, with an ROI model posted at You can download it and input the numbers for your business to see what it could do for you.

We then provided a TILA-RESPA technology cheat sheet that greatly simplifies the high-level requirements to consider when looking at technology solutions to help you with the rule. This is the portion of determining how you’ll deliver to the rule that I mentioned earlier in this article.

Don’t hesitate. We’re nine months away from the deadline, and that’s going to go just as fast, if not faster, than the months since the 1-year countdown. Take a look at the solutions out there now to start lining up the best option for your business.

For more information, visit to view a growing knowledge base of information and forums where you can ask questions and interact with others in this industry.

All information and views expressed or implied are provided without warranty and are only the opinion of Pavaso, Inc. 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.