SoftPro Delivers Closing Disclosure Upgrade to First Customer

March 19, 2015

SoftPro, a provider of title, closing and escrow software, announced that it upgraded its first customer to the new CFPB compliant release of its SoftPro Select Edition software. Select Version 4.0 fulfills all regulatory requirements of the CFPB’s TILA-RESPA integrated disclosure final rule that goes into effect Aug. 1 and affects most residential mortgage transactions.

Guardian Title Company, Inc. in Blanco, Texas, is the first SoftPro customer to receive the CFPB-ready Select Version 4.0 update.

“It is fantastic to have the new CFPB compliant software installed and ready for August 1,” said Carla Ernst, manager and escrow officer of Guardian Title Company. “The upgrade to 4.0 only took about an hour, and I was funding loans on existing orders only five minutes later.

SoftPro has put into place a significant number of educational resources to fully prepare their customers for the new regulations. SoftPro introduced an informative blog site, www.SoftProCurrent.com, over a year ago to continually monitor any news related to the industry and the CFPB regulations. Unique to SoftPro customers is their access to resources and videos under their mySoftPro login. For hands-on training, SoftPro customers are invited to attend the 16th Annual User Group Conference in April. Additional hands-on training opportunities will be offered across the country beginning in May through a series of over 40 on-the-road seminars. Live training is also available through numerous SoftPro webinars.

“Today’s delivery of our first CFPB upgrade marks a significant milestone for SoftPro and our customers,” stated Patrick Hempen, SoftPro senior vice president of sales and marketing. “We understand the importance of our customers receiving the upgrade well ahead of the August 1 deadline, and we are excited that all new Select purchases going forward will receive Select 4.0.”


Contact ALTA at 202-296-3671 or communications@alta.org.

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