CFPB to Host E-closing Forum Wednesday

August 4, 2015

The Consumer Financial Protection Bureau (CFPB) will host an e-closing forum at its D.C. headquarters at 1 p.m. EDT, Wednesday, Aug. 5.

The forum will feature remarks from Director Richard Cordray, as well as a panel discussion with consumer groups, industry representatives, and members of the public. ALTA staff will attend the forum.

A live video will be streamed here on the bureau’s blog.

Last year, the CFPB selected 12 companies to participate in its mortgage e-closing pilot program. The companies that partcipated were a mix of technology vendors providing e-closing solutions and creditors that have contracted to close loans using those solutions.

The vendors that participated included:

  • Accenture Mortgage Cadence
  • DocMagic
  • eLynx
  • Pavaso
  • PiersonPatterson

The lenders that participated included:

  • Blanco National Bank
  • Boeing Employees Credit Union
  • Franklin First National Financial
  • Flagstar Bank
  • Mountain America Credit Union
  • Sierra Pacific Mortgage
  • Universal American Mortgage

For more information about the pilot program and the renewed push for electronic transactions, read the September 2014 edition of ALTA's TitleNews.

Contact ALTA at 202-296-3671 or