Lenders and servicers have seen the impact first-hand with the Consumer Financial Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure Rule (TRID) and the 2013 Mortgage Servicing Rules. In addition, servicers must comply with a multitude of state specific legislation impacting documents and processes. Rule-making is expected to continue with updates to the Mortgage Servicing Rules and the highly anticipated Debt Collection Rule. From an investor and insurer perspective the GSE’s continue to make updates to servicing guide requirements and the FHA recently released an updated Single Family Housing Policy Handbook.
We know the odds you are up against. You need clear answers you can trust, the ability to reduce compliance requirements to actionable items, and practical tools to help operationalize compliance within documents, workflows and processes throughout the loan lifecycle. Typical engagements consist of: