Mobile Full Width Tablet Small Desktop
  • Home
  • About
  • Product Reviews
  • Tech Talk Blog
  • Events
  • Our Team
  • Contact
  • My Account
  • About
  • Contact
  • Sign In
  • Home
  • Product Library
  • Tech Talk Blog
  • Our Team
  • Events

CFPB eClosing Pilot Program

Technology

CFPB eClosing Pilot Program

June 4, 2014

eclosingRecently, the Consumer Financial Protection Bureau (‘CFPB’) announced that they will launch a new electronic closing (eClosing) pilot program in order to explore new avenues to make the closings less complex for consumers.  This is in response to a report that the CFPB published wherein they found that consumers felt they did not have enough time to review closing documents and found the documents difficult to understand.  To lessen these frustrations, the CFPB will begin to roll out the eClosing system with a few pilot participants.  A pilot ‘participant’ signifies a partnership between a technology vendor providing an eClosing solution and a lender that has contracted with the vendor to close loans using that solution. The CFPB believes eClosings will offer more flexibility to provide documents to consumers prior to closing with embedded educational tools to highlight key information or provide resources.

Read more on the CFPB website.

Jeff

Marketing Technology Director

Comments

Add Your Review
Cancel reply

Your email address will not be published. Required fields are marked *

*

*

Can we help you find something?

Product Reviews

Trackxi

If you’re a Real Estate agent, transaction coordinator, or brokerage...

Photo Perfect

Photo Perfect is an easy to use app that takes...

Video Perfect

Video Perfect is an easy to use, Virtual Open House...

WESTprotect 411

Fraud attempts have increased significantly and the risks have never...

dashCMA Logo

dashCMA

Support your pricing strategy in minutes, not hours. dashCMA equips...

Tech Talk Blog

Content that Keeps on Giving: How to Make the Most Out of Your Content Strategy

3 Buckets for Breaking Down Your Content In the world...

15 AI-powered tools for powering your marketing in 2023

Artificial intelligence (AI) has become a hot topic in recent...

Eliminate Instagran Spam Comments, Real Estate Marketing Tips

Why Spam Comments Hurt Your Instagram Strategy (and What to Do About Them)

Are spam comments ruining your Instagram experience? You’re not alone!...

What makes a compelling email (that actually gets opened)?

Do you ever wonder how to get more people to...

How often should I post to Instagram?

I want 18 Reels per week, 27 long-form videos every...

MDA University

Geotagging for SEO > A Guide to Optimizing Your Online Local Presence with Geotags & Keywords

RSS Inman News Top Stories

  • A graphic artist’s take on maintaining brand identity
  • How to make clients love writing reviews (so you can win)
  • Great for the growing agent, Trackxi fills niche within transaction management: Tech Review
  • Will migration fizzle out in 2023? History points to existential shift
  • Is Homes.com selling your own leads back to you?

Featured Products

Trackxi

Photo Perfect

Video Perfect

WESTprotect 411

dashCMA

Spacio

Latest Courses

Geotagging for SEO > A Guide to Optimizing Your Online Local Presence with Geotags & Keywords

Latest Guides

Content that Keeps on Giving: How to Make the Most Out of Your Content Strategy

15 AI-powered tools for powering your marketing in 2023

Why Spam Comments Hurt Your Instagram Strategy (and What to Do About Them)

What makes a compelling email (that actually gets opened)?

How often should I post to Instagram?

6 ways to get stronger results from your email marketing campaigns

© 2023 Copyright My Real Estate Nerds.
MyHome, a Williston Financial Group Company™