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Volume 18 - Number 15

July 25, 2014

Black Knight Tech Adapts to the CFPB’s TRID

Black Knight Financial Services – with a little help from its friends at Wells Fargo Home Mortgage – has repurposed some of its existing technology and combined it with some fresh capabilities to help lenders cope with the Consumer Financial Protection Bureau’s TILA/RESPA integrated disclosure rule. It also will enable mortgage lenders to automate the numerous multi-party processes required to close a loan these days, the company said. The new ...

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Poll

HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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