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03/27/2015
FR-BAR & CFPB Updates
Dear Fund Member: Real estate market reports and our branch order volume indicates that many of you are very busy right now. That is great news, and I am sure you are enjoying the increase in your business. Here at The Fund, we are very busy putting the final touches on Fund Assembly, making sure that the program information is the very best it can be and that the experience of each attendee is educational, informative AND enjoyable. With an expected attendance of 1300, the logistical challenges are huge, but we will meet the challenge! I am really looking forward to attending my first Assembly as an “insider” and interacting with many of you to see how things are going as we move towards August 1, 2015.
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03/20/2015
New Lender Announcements & the Closing Disclosure Preparation Checklist
Several more lenders have announced how they are going to prepare and deliver the new Closing Disclosure form. In this short video, I address the lenders' announcements as well as the Closing Disclosure Preparation Checklist designed to help you prepare now and in the upcoming months for the CFPB changes.
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03/13/2015
Pillar 3 and CFPB Privacy Compliance
Dear Fund Member: I have just completed two months of trips around the state to visit with Members and talk with them about the new TRID rules (the new nomenclature for the CFPB rules that go into effect August 1, 2015). There were several consistent themes: most Members were aware that changes were coming, but they weren't familiar with all of the details; the 3-day advance delivery of the Closing Disclosure is going to present some real logistical challenges to a smooth closing; lenders are also going to have to significantly change their processes and procedures.
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03/05/2015
Closing Disclosure Updates and Important Real Estate News
Dear Fund Member: March has arrived, and with the start of a new month, it is important for me to share several areas of interest that will affect the way you handle your real estate transactions.
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