CFPB Seeks Participants for E-closing Pilot Program

May 6, 2014

In addition to releasing a report highlighting consumer pain points in the closing process, the Consumer Financial Protection Bureau released guidelines for an upcoming e-closing pilot project. The pilot program is open to settlement agents, lenders and technology companies that are using a digital solution for closings. Read on to learn what minimum technical participants must be able to perform and for details on how to apply.

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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.