Posts Tagged ‘RESPA’

Wolters Kluwer Financial Services has announced the launch of its new RESPA Post-Implementation Audit Service. Through the service, the company’s compliance and risk management professionals can help banks and credit unions effectively and efficiently comply with recent changes to the Real Estate Settlement Procedures Act (RESPA). Since the RESPA revisions took effect on Jan. 1, financial institutions have identified several common challenges in complying with them.Read more

Applied Business Software (ABS), the developer of The Mortgage Office loan origination and servicing software, has announced a software update that will aid loan originators with Real Estate Settlement Procedures Act (RESPA) regulations. The Mortgage Office  software update now calculates and prints federally compliant documents. Effective Jan. 1, 2010, RESPA will enforce the largest sweeping change to the process of loan originations since 1974.Read more

Wolters Kluwer Financial Services is offering banks, credit unions and mortgage lenders a toolkit that can help them prepare for the new requirements to the Real Estate Settlement Procedures Act (RESPA) which take effect on Jan. 1, 2010. The company’s RESPA Tool Kit offers financial institutions a comprehensive overview of the Department of Housing and Urban Development’s (HUD’s) changes. These include revisions to the Good Faith Estimate (GFE) and HUD-1 and HUD-1A documents, as well as Settlement Cost booklets intended to more clearly explain loan terms to borrowers.Read more