CFPB issues clarification on “third parties”

One of the chief complaints we hear from Realtors® when it comes to the TILA-RESPA Integrated Disclosure Rule is that Realtors® feel excluded from the transaction when financing is involved, because the rules generally prohibit lenders from providing copies of the Closing Disclosure to the licensee. How does a recent interpretation from CFPB impact that?

 Read More
CFPB issues new TRID proposals

The proposal, if adopted, will give more formal instruction to lenders on how to modify the Closing Disclosure, so that it can be provided to third parties involved in the transaction without revealing the consumer’s non-public personal information, or to provide separate Closing Disclosures to each party.

 Read More

Subscribe To JustListed Daily Emails

The Loan Estimate, Part 2

Even though the lenders are responsible for the Loan Estimate, there are some important aspects of the LE of which Realtors® need to be aware.

 Read More