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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

TILA-RESPA Integrated Disclosures

The closing process will significantly change when the Consumer Financial Protection Bureau's fine rule for integrated mortgage disclosures goes into effect. The rule integrates forms required under the Truth-in-Lending Act (TILA) and Real Estate Settlement and Procedures Act (RESPA). A Loan Estimate will replace the current Good Faith Estimate and early TIL disclosure, while a Closing Disclosure will replace the HUD-1 and final TIL disclosure.

The CFPB announced a proposal to push back implementation until Oct. 3, 2015.

Key Documents

Education/Training DVD

ALTA's Land Title Institute has created a training DVD to help you prepare for the disclosures. The DVD includes six modules that will help you understand the disclosures, including an introduction, what led to the development of the new disclosures, a step-by-step explanation of the Loan Estimate and Closing Disclosure, a discussion on how business processes will change, walk through how business relationships will change and how data will be shared, and additional resources and next steps.

A customizable model presentation also is available to guide discussions with your customers.

Order from the ALTA Store or print and complete the order form.

2015 TRID Forum Recording

Purchase a recording of the TILA-RESPA Integrated Forum held in Dallas. The more than seven hours of discussion provides the latest interpretations and rules on the TILA-RESPA integration from the CFPB, addresses implications for closing/settlement, provides information on completing the Loan Estimate and Closing Disclosure, highlights how technology can be used to collaborate and solve compliance issues and explains how the entire real estate transaction will be changed.

Additional Documents and Resources

ALTA Settlement Statement

ALTA developed standardized ALTA Settlement Statements for title insurance and settlement companies to use to itemize all the fees and charges that both the homebuyer and seller must pay during the settlement process of a housing transaction. Four versions of the ALTA Settlement Statement are available. Download here.

Data standards

Freddie Mac and Fannie Mae have released a common industry dataset, called the Uniform Closing Dataset, which leverages and maps to Mortgage Industry Standards Maintenance Organization (MISMO) data standards, to support implementation of the TILA-RESPA Closing Disclosure form.



Follow ALTA’s blog for updates and analysis of the rule, as well as answers to questions about the disclosures that were submitted to ALTA. Sample posts:

Submit Your Questions/Comments about the rule to ALTA here


What You Can Do

Join the Title Action Network to keep up-to-date about the rule and how you can take action.

Report RESPA Violations

If you want to report a possible violation of the Real Estate Settlement and Procedures Act (RESPA), email Include any evidence and contact information so that investigators may contact you. To the extent consistent with law enforcement needs, the Bureau will not disclose your identity and will maintain confidentiality as permitted by federal laws.

News on the Consumer Financial Protection Bureau

June 24, 2016 U.S. House Delays Consideration of Appropriations Bill with Three Major CFPB Reforms Attached
ACA International | June 23, 2016
Consideration of the Financial Services and General Government Appropriations Act is delayed due to a break by the U.S. House of Representatives through July 4.
June 23, 2016 Title Agents Report Increase in Cost to Close Loans
According to First American Financial’s latest Real Estate Sentiment Index, title agents reported an average increase of $184 per transaction. The report noted that the increases are not necessarily due to the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule, but rather are attributed to various approaches to how lenders have implemented the rule.
June 23, 2016 Some Mortgage Servicers Break U.S. Rules, Mostly Due to Technology: Consumer Bureau
Reuters | June 22, 2016
Some mortgage servicers are failing to follow federal rules intended to help struggling borrowers avoid foreclosure, often because they use faulty technology, the U.S. agency charged with protecting consumers' finances said on Wednesday.
June 22, 2016 Title Agents See Higher Closing Costs in Second Quarter
National Mortgage News | June 21, 2016
Title agents reported an average increase per transaction of $184 during the second quarter, according to a report from First American Financial Corp.
June 20, 2016 Mortgage-document Deluge: Do the New Rules Help?
The Philadelphia Inquirer | June 19, 2016
For years, the Consumer Financial Protection Bureau worked to integrate the mortgage-loan disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974.
June 17, 2016 Marketing Partners Need to be Sticklers for Compliance
Mortgage Professional America | June 16, 2016
A marketing partner can take a lot of pressure off of a loan originator – with marketing and lead generation taken care of, mortgage pros can focus on closing loans.
June 17, 2016 Jeb Hensarling: How We Can Hold Wall Street Accountable
The Dallas Morning News | June 16, 2016
Nearly seven years after the Great Recession ended, the economy still isn’t working for millions of working Americans. Their paychecks remain stagnant; their savings have declined. They cannot get ahead and fear for the future of their families.
June 17, 2016 Who's Behind the Campaign Attacking CFPB Chief Cordray?
American Banker | June 16, 2016
Richard Cordray, the director of the Consumer Financial Protection Bureau, is the target of a new TV ad campaign that alleges he is courting potential donors for a run as governor of Ohio by enacting a plan that would benefit trial lawyers.
June 16, 2016 Watchdog Finds Problems With CFPB’s Internal Controls
DS News | June 16, 2016
The Consumer Financial Protection Bureau has had a challenging year between all the Republican efforts to change its structure and the opening arguments of the PHH Mortgage Trial in which the Bureau’s constitutionality was called into question by panel of three Republican judges.
June 15, 2016 Sizing Up the CFPB's Favorite Enforcement Targets
National Mortgage News | June 14, 2016
Mortgage lenders, debt collectors and credit card companies have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.
More CFPB Articles

For More Information Contact

    Justin B. Ailes
Vice President of Government & Regulatory Affairs
Phone: 202-296-3671 Ext. 215
Contact Me About: Federal Legislative and Regulatory Issues, NAIC

    Steve Gottheim
Senior Counsel
Phone: 202-296-3671 Ext. 230
Contact Me About: Federal Legislative and Regulatory Issues, Legal Issues, Best Practices Inquiries

    Benjamin P. Lincoln
Director of Government Affairs
Phone: 202-296-3671 Ext. 220
Contact Me About: Government Affairs

    Jessica McEwen
Director of Political Affairs
Phone: 202-296-3671 Ext. 233
Contact Me About: Federal Legislative and Regulatory Issues, TIPAC

    Ashley Sadler
Associate Legislative and Regulatory Counsel
Phone: 202-296-3671 Ext. 239
Contact Me About: Federal Legislative and Regulatory Issues, Legal Issues, Best Practices Inquiries

    Awesta Sarkash
Grassroots & Advocacy Manager
Phone: 202-296-3671 Ext. 212
Contact Me About: Title Action Network (TAN) Inquiries

    Wayne M. Stanley
Director of Public Affairs
Phone: 202-296-3671 Ext. 221
Contact Me About: Homebuyer Outreach Program, Media Inquiries, Social Media, Press Releases, Title Action Network (TAN)

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