Report: CFPB Final Rule for Mortgage Disclosures to Cost $1.3 Billion

December 17, 2013

Although the proposed rule provided estimates of costs for creditors, the CFPB now includes the approximately $340 million in costs for settlement agents. Read on for more details on projected costs to implement the CFPB’s final rule to integrate mortgage disclosures required by the Real Estate Settlement Procedures Act and Truth-in-Lending Act.

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.