Data Facts Lending Solutions Blog

The Advantages of E-Closings

Posted by Jennifer Hamby

Sep 18, 2015 8:00:00 AM

E-Signatures simplify and expedite transactions, making it easier, faster, and cheaper for buyers, sellers and borrowers to conduct business. What used to take days and weeks can now be accomplished in as little as 15 minutes.  The The E-Sign Act  was passed in 2000, so why has it taken so long for our industry to see the benefits for buyers, sellers, and borrowers?

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Topics: Mortgage compliance, CFPB, Mortgage Lending, TRID, Know Before You Owe, E-Closing, E-Signatures

40 TRID Facts You NEED To Know

Posted by Jennifer Hamby

Sep 10, 2015 9:23:00 AM

Thank you to ComplianceBuzz for putting together a comprehensive list of 40 TRID Facts You Need To Know. We are less than a month til the October 3rd deadline and wanted to refresh you and your team on some of these facts.  An added bonus...You can also take a sneak peek at our eBook "Steps to Reduce Third Party Risks" as part of our mortgage lending services. Enjoy!

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Topics: Mortgage loan, Mortgage compliance, mortgage news, Mortgage Lending, third party vendor, BankerVMS, Third Party Vendor Management, TRID, BDV

7 Tips For TRID Success

Posted by Jennifer Hamby

Sep 3, 2015 8:30:00 AM

The TRID deadline is only 1 month away! October 3rd is an important date in our industry, and information and preparedness are key to successful compliance with TRID.  Below are some quick and easy tips on the 3-day rule.  

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Topics: Compliance, Third Party Vendor Management, TRID, BDV

5 Steps To Best Manage 3rd Party Vendor Compliance

Posted by Jennifer Hamby

Jun 29, 2015 8:00:00 AM

TRID, TRID, TRID….it seems this has been the main focus, and topic of discussion this entire year.  And with delays and more delays, we are now wondering will this ever come to fruition? 

One thing we know is the CFPB is clear about their stance on consumer protection and that includes third-party vendor relationships. When a transaction between a financial institution and its customer involves a third-party, the financial institution is still responsible for compliance with laws and regulations 

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Topics: Compliance, Third Party Vendor Management, TRID

Due Diligence in Third Party Selection

Posted by Jennifer Hamby

Oct 9, 2014 4:36:00 PM

Third Party Vendor Management is a hot topic these days. 

In preparation for the August 2015 deadline, one of the first (and most effective) steps you can take to limit potential third-party risk, is to review and reduce your vendors to only the ones that adhere to the most stringent of compliance standards.

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Topics: Mortgage compliance, Compliance, Best Practices, third party vendor, BankerVMS, Third Party Vendor Management, TRID, BDV

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