Lender’s General Counsel Says More Guidance Needed from CFPB on Third-Party Oversight

July 3, 2014

Speaking during the 2014 Settlement Services Summit, Flagstar Bank General Counsel Michael Flynn offered insight into how financial institutions are responding to third-party vendor oversight. Read on to learn what lenders may require from settlement agents in order to prove compliance.

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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. SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development.