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Failure to Prepare is Preparing to Fail

When a new rule is proposed, have you ever taken the time to look at the comments that are being submitted? If the answer for you is no, then I highly suggest you make...

The Gift that Keeps on Giving

The CFPB published a mortgage rule yesterday.  If you feel as though you’ve read that here before, it’s because you probably have.  Multiple times, in fact. In a previous post I mentioned that a proposed...

CFPB Updates Mortgage Servicing Rules

Last week the Consumer Financial Protection Bureau (CFPB) released updated mortgage servicing examination procedures. The third edition, dated June 22, 2016, offers guidance to credit unions on what the CFPB will be looking for...

TRID Phase II

We are eight months into the post (apocalyptic) world of TRID implementation. We have encountered system issues, questions with no answers, staff confusion and even some downright denial. But, through it all, we were told...

TIRED of TRID?

The CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule was issued on November 20th of 2013, and was effective on October 3rd of last year. Following revisions to policies, procedures and software during the welcome 23 month...