Category Archives: Mortgage Services

From Hybrid to E-closing: Moving the Title & Settlement Industry Toward a Paperless Real Estate Closing

The marketplace reality is that consumers expect a digital solution to improve their home buying experience. We must meet our customer needs and problem-solve a solution that allows real estate transactions to close electronically. A hybrid approach to e-Closing would allow the title and settlement industry to begin some form of e-Closings today while working with technology providers, Secretaries of State, county recorders and state legislatures to move the industry toward a full e-Closing in the near future.

CFPB’s ‘Project Catalyst’ Report Highlights FinTech Advances

The Consumer Financial Protection Bureau released a report, “Project Catalyst report: Promoting consumer-friendly innovation” to coincide with the Mortgage Bankers Association Annual Convention & Expo 2016 in Boston. The 27-page report highlights many areas in which the bureau is actively involved with bank and non-bank innovators, ranging from large, established institutions to small startups, to …Read more

Stewart’s Dawn Lewallen speaks on a panel discussion at the Oklahoma Mortgage Bankers Association Annual Conference

Stewart’s Compliance Counsel Dawn Lewallen spoke on a panel discussion entitled “Bringing the new Closing Disclosure to the closing table” at the Oklahoma Mortgage Bankers Association Annual Conference in Tulsa, Oklahoma. The panel of experts discussed the new Consumer Financial Protection Bureau (CFPB) TILA-RESPA Integrated Disclosure (TRID) regulations that will impact quoting title insurance and …Read more

CFPB Fact

The integrated mortgage disclosure rule from the CFPB affects much more than loan forms and consumer qualifications. Every third-party service provider a lender deals with must be able to comply with regulations – and if they can’t, the lender is held responsible for mistakes. To reduce that risk before the CFPB rule goes into effect …Read more

Tight Credit Continues to Take Its Toll on Housing Sales

The last normal housing market in the U.S. was 2001 to 2002. Then came the subprime-driven housing bubble when the only requirement to qualify for a loan was a pulse rate in some instances. Greed drove the get-rich-quick housing bubble, while loose credit was the water and fertilizer. We all admit that the level of …Read more