Items Tagged with 'Integrated Disclosure rule'

ARTICLES

  • From HW Magazine

    Programming for Integrated Disclosures

    The challenges of drawing compliant, defensible mortgage documentation by Aug. 1
    Advancing to the end of the mortgage process and beyond closing, both the Loan Estimate and Closing Disclosure must be compliant (and defensible) to the end investor. Given the ambiguities within so many of the rules applicable to both forms, it is important to have a way to defend the programming logic used to define the output.
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  • CFPB: No concrete plans to extend TRID

    Aug. 1 still the implementation date
    Industry talk quickly spread after a speech on Wednesday by Steven Antonakes, deputy director of the Consumer Financial Protection Bureau, where he seemed to suggest that the CFPB might delay the Integrated Disclosure deadline. The CFPB is putting an end to the rumors.
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  • How to save $1,100 or more on the cost to close each loan

    A digital solution can help lenders' profit margins

    If you’re one of the lenders who hasn’t converted over to a digital closing platform yet, chances are you’re going to be a little lost (and even further behind) when that next phase of development kicks off about two months from now.  


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  • CFPB releases updated rules Readiness Guide

    New guide includes TILA-RESPA Integrated Disclosure rule
    "Obviously there is a lot of fear, uncertainty and doubt in the industry with the TILA-RESPA ruling beginning to dominate conversations, and there is no doubt Aug. 1, 2015 is going to happen," McElroy said.
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  • Complying with TILA-RESPA tolerances, Part 2

    Zero tolerance charges, and refunds in 60 days

    The stakes are raised even higher because these penalties are assessed per day rather than per infraction, and the violation doesn’t need to be “knowing” or “reckless” in order to merit a penalty.


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  • TILA-RESPA compliance: 1-year countdown starts today

    Why vendor relationships need special attention now

    At one year until the go-live date for the Integrated Disclosure Rule, if you haven’t started having meetings to discuss your organization’s approach to incorporating reforms, depending on its size, you could already be behind schedule.


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