General Counsel Blog

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  12/15/2015

  Answers to Frequently Asked TRID Questions

  Dear Members, There are several questions that keep popping up through the Help Desk and the CFPB Hotline. Therefore, I thought it would be helpful if I shared a couple of them with you this week, along with the answers (of course!).

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  12/07/2015

  Congratulations, You’re a TRID Survivor!

  Based on what I am hearing about your TRID closing experiences, you all qualify for the championship round of “Survivor.” The questions and comments that we are getting at the Help Desk and through the CFPB Hotline indicate that there is precious little consistency in lender practices. Kudos to you and your staff for hanging in there and getting the deal closed despite the confusion.

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  11/30/2015

  Do you still have TRID questions?

  Earlier this year, we accurately predicted that Members would have a lot of questions as they work in the new world of TRID. To support you in this effort, we created the CFPB Hotline that can be accessed via email (cfpbfaq@thefund.com ) or phone (1-844-CFPB-FAQ). The number of emails and phone calls have increased significantly in the last two weeks and we expect the high volume to continue for several weeks, perhaps several months! The calls are routed through the Help Desk with the very able support of our Member Support Representatives and Legal Education and Underwriting Attorneys.

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  11/16/2015

  Providing Preliminary Numbers to Lenders

  We are receiving a lot of questions from Members about providing preliminary numbers to lenders. This can come up in a myriad of situations and there is no one "solution" or set of rules for you to follow but I thought it would be beneficial to share some ideas with you on what we are seeing out there.

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  11/03/2015

  The New Closing Protection Letter (CPL) Form

  Get updated on the Office of Insurance Regulation’s CPL Amendments.

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  10/29/2015

  The Department of Financial Services Rule and DoubleTime FAQ’s

  Reminder: The new rule promulgated by the Department of Financial Services is now in effect. This is the rule that requires the following:

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  10/09/2015

  To Itemize or Not to Itemize?...That is the Question!

  A review on the rules of fee itemization.

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  10/05/2015

  TRID IS HERE!

  How are you doing with the changes?

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  10/01/2015

  Two Days Until TRID!

  News on the Department of Financial Services Disclosure Rule & more

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  09/29/2015

  TRID: Closing Insight FAQs

  We’ve gathered some info on Closing Insight that we hope you’ll find helpful!