Taking On TRID
The upcoming implementation of integrated disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act has prompted proposed safe harbor legislation. TRID compliance resources include webinars and enhanced technology.
Study Finds Borrowers Benefit from Digital Closings
Results from a new study indicate digital loan closings improve borrowers' understanding of the closing process, increase efficiency and provide consumers with a sense of empowerment.
Satisfaction With Mortgage Servicers Deteriorates
Mortgage servicers' distraction with regulatory issues has left most of their borrowers less satisfied. Despite incentives for non-bank servicers to focus on loan performance instead of borrower relationships -- it was a non-bank servicer that was rated best by its borrowers.
AMCs Enhance Offerings
Several appraisal management companies have integrated new technology into their platforms in an effort to improve services to lenders. Meanwhile, appraisers and valuation firms are meeting in North Texas.
LOS Providers Address TRID
Developers of loan origination systems have been busy improving their products with features that will help lenders be compliant with integrated disclosure requirements. Other LOS enhancements include the integration of settlement fees and advanced signature capabilities.
There's Something About TRID (You Can Do)
It's all about getting lenders into shape for regulatory compliance if recent offerings from service providers are any indication. New products, updated services and free information make the latest list in compliance products.
New Servicing Tech Highlights Niche Arenas
New products, new clients and a new ranking -- these are the latest items from the loan servicing technology provider grapevine.
GSE AUS Fees Eliminated
With Fannie Mae's elimination of the fee for its automated underwriting system, both government-sponsored enterprises have now done away with the cost.