You’re in good hands
With the Consumer Financial Protection Bureau’s mortgage disclosure rule going into effect October 3, 2015, it’s essential to ensure that your title & escrow partner approaches this regulatory environment with an unwavering commitment to compliance.
At NexTitle, we built our business on strict policies and procedures designed to protect our clients’ confidential information, and which guarantees that all closing activities meet the highest industry compliance standards. The standards we strive to meet are mirrored in tenets of the American Land Title Association’s (ALTA) Best Practices. ALTA Best Practices are comprised of practices and policies designed to establish a benchmark for the industry. To learn more about ALTA’s Best Practices, check out their website.
We take compliance seriously because we take our business seriously; the two are inextricably connected. The new CFPB mortgage disclosure rule simplifies the consumer mortgage shopping process in order to achieve the level of understanding necessary to make an informed decision. Our team constantly seeks and welcomes new initiatives and procedures intended to increase clarity and improve the consumer experience.
We remain focused on confidently serving our clients with:
- A strict clean desk policy and paperless processes
- Increased office security efforts, and robust E&O and Liability insurance coverage
- State of the art network security managed by an in-house, dedicated team
- A full-time Compliance Officer overseeing closing activities
- Regular staff training to highlight compliance regulations
- Routine background & credit checks on employees handling funds
You’re in good hands with our team.
To learn more about this new rule, explore the links below or give us a call!
Compliance Guide (PDF): http://files.consumerfinance.gov/f/201503_cfpb_tila-respa-integrated-disclosure-rule.pdf
CFPB Resources: http://www.consumerfinance.gov/regulatory-implementation/tila-respa/
American Land Title Association (ALTA) Best Practices: http://www.alta.org/bestpractices/
TILA/RESPA Knowledge Center: http://www.tilarespa.com/