09.14.18

Making Your Final Preparations for TRID 2.0

We are less than two weeks away from the mandatory compliance date for TRID 2.0. As of October 1, 2018, the CFPB will expect every lender to be in full compliance with the new amendments.

This means that lenders need to make certain that they are ready to make the transition to the updated rules. With the right preparation, you can be certain that this change will occur in a smooth and orderly fashion.

At Docutech, we have been working on the changes for the last year and can assure our partners that we are ready and assist them with their final TRID 2.0 preparations and testing.

 Download our TRID 2.0 eBook

Read more

 
08.23.18

July 2018 Compliance Recap

Summer typically sees fewer compliance updates, and this summer is no different. That said, we did see some changes in California and from the nation’s largest secondary market investor.

All of these changes were detailed on our compliance blog. Subscribe to learn about all of the industry’s compliance news before anyone else.

Learn more about our  Compliance Services

Read more

 
07.19.18

June 2018 Loan Document Compliance Recap

If you were out enjoying the sun, the beach and the summer in June, it might have been easy to miss some compliance changes and document updates. To help you catch back up, in this month’s compliance recap, we spotlight key lending-related compliance issues and document changes that occurred in June. For more details on any of these important changes, follow the links below to visit our compliance blog.

Learn more about  Docutech Compliance Services

Read more

 
05.10.18

Above and Beyond the Law: How to Maintain Loan Document Compliance in the Secondary Market

In mortgage lending, just following the requirements of regulatory agencies and the law is often not enough.

Faced with ambiguous language and constantly shifting revisions and interpretations of key regulations, many investors adopt a more conservative approach to compliance. This requires lenders looking to sell their loans on the secondary market to not only comply with the law but to also understand and follow the additional standards investors require when purchasing mortgages.

Read more

 
05.03.18

Managing Compliance Risk for Consumer Lending Documents

In a previous post, we pointed to the significant increase in consumer lending that we’ve seen over the past 12 months. While mortgage lenders typically don’t pay much attention to these lower balance, non-collateralized personal loans, they represent a promising growth area for financial institutions.

Read more

 
03.08.18

TRID Compliance Means More Paper for Lenders, For Now

For many years, one of the primary benefits touted by advocates of electronic mortgage lending was the concept of moving to a paperless loan process. However, with the Consumer Financial Protection Bureau’s (CFPB) TILA/RESPA Integrated Disclosure (TRID) rules that went into effect in 2015, eliminating paper – and its respective costs – is still a challenge for lenders making the move to digital.

Read more