11.22.16
HMDA is the Next Big Regulatory Wave Bearing Down on Lenders
Congratulations! You’ve survived TRID. You’ve adjusted to the Qualified Mortgage standards. All of your loan officers have been licensed in compliance with the NMLS standard.
11.03.16
Providing a Comment Letter to the CFPB – Docutech’s Take on Current Rules
As the Consumer Financial Protection Bureau (CFPB) works to refine the rules it has established for our industry, we are called upon to provide comments to help the Bureau work through that process, and having lived through the earlier iterations of the CFPB’s rules, it is in our best interest to do so.
10.27.16
Beyond TRID – Getting Ahead of 2017’s Other Compliance Changes
While the proposed changes to TRID are certainly generating a lot of attention from lenders planning their 2017 compliance priorities, there are several other developments lenders should keep an eye on. These other regulatory issues affect not only the documents used in applications and closings, but also in reporting the annual loan data required by the Home Mortgage Disclosure Act (HMDA).
10.11.16
TRID 2.0 – Clearing the Clouds of Uncertainty
After nearly nine months of watching lenders struggle to fully implement the TILA-RESPA Integrated Disclosures (TRID) regulations that went live in late 2015, the Consumer Financial Protection Bureau (CFPB) released a series of proposed amendments. While there are no large individual changes, depending on a business’s practices, there are several small tweaks that could greatly impact the lender’s processes and procedures.
06.21.16
They’re Baaaaack: CFPB to Reopen TRID Rulemaking
For much of the past 18 months, the mortgage industry has been solely focused on one thing—TRID. And although the TRID deadline has come and passed, the industry is not quite finished with the recent guidance. Just when you thought it was safe to get back in the water, the CFPB has reopened its TRID rulemaking.
05.03.16
Top Five Reasons Why Loan Data Synchronicity is Critical to TRID Compliance
It’s already been seven months since the Truth-in-Lending/Real Estate Settlement Procedures Act Integrated Disclosures (TRID) went into effect. Many lenders were adequately prepared for the changes by integrating new technologies within their organizations. However, many lenders are still struggling to adjust to the “new normal” that is TRID compliance.