May 6, 2015
Questions You Should be Asking Your Lenders About TRID Implementation
As the title and lending industries prepare for the Aug. 1st TRID implementation, TLTA has prepared a list of questions that agents should be asking lenders and we are pleased to provide these as a tool for our members. “Title agents should be reaching out to the lenders they handle transactions for now, before the August 1 effective date, and starting a dialogue about how the process will work under the new TRID regulations. We think these questions will provide a good starting place for those conversations," said TLTA Executive Vice President Leslie Midgley. "Every lender approaches their transactions a little differently and it will benefit both parties if they have these topics addressed well before Aug. 1st.” To view the list of questions,
click here.
For a detailed walkthrough of the new TRID form, be sure to join our experts for the TRID Readiness Series Part II, a timely, hands-on workshop that will take you through the new Closing Disclosure using case studies. Grab a calculator and a pencil and plan to join us! Don't Delay - all locations are expected to sellout!
CFPB announces update to Mortgage Origination examination procedures
This update offers financial institutions and other industry participants valuable guidance on how CFPB will conduct examinations for compliance with the TILA-RESPA Integrated Disclosure Rule which will become effective August 1, 2015. The procedures have also been re-organized for consistency and clarity. For more information and to see the most recent updates for the Supervision and Examination Manual
click here.
ALTA Provides Statement on New York Title Insurance Industry
ALTA | April 29, 2015
The American Land Title Association released a statement last week regarding the New York title insurance industry and new regulatory proposals for the state. To read ALTA's statement on the New York Title Industry,
click here.
CFPB Announces Webinar on Integrated Disclosure Rule
CFPB is offering a 60 minute webinar on the Integrated Disclosure rule on Tuesday, May 26 at 1 p.m. CDT to answer some frequently asked questions about the rule. The webinar will be hosted by the Federal Reserve. This fifth and final in the planned series of webinars will address specific questions related to rule interpretation and implementation challenges that have been raised by creditors, mortgage brokers, settlement agents, software developers, and other stakeholders. To register for the webinar,
click here.
TLTAPAC's Biennial Race to the Finish!
On your mark. Get set. Go! Get ready for your chance to show just how much you’d pay
NOT to walk a mile in our lobby team’s shoes! For one week, May 18-22, TLTA’s Director of Government Affairs and Counsel Aaron Day and Legislative Counsel Allen Place, Jr. will wear pedometers while lobbying on behalf of the title industry.
TLTA introduced the Race to the Finish
TLTAPAC Fundraiser during the 2009 Legislative Session and in just one week, between the two of them, the TLTA lobby team logged an outstanding 30 miles and helped raise over $3,600 for the
TLTAPAC!
To get involved in the race, all you have to do is review the pledge form, select a lobby team member, and pledge either an amount per mile or make a one-time contribution.
Make a pledge now or if you have any questions, contact
Angela Obolsky, Government Affairs Assistant at 512-879-2891. The deadline for pledges is Thursday, May 14 so don’t delay!
CFPB and State of Maryland Take Action Against "Pay-To-Play" Mortgage Kickback Scheme
CFPB | April 29, 2015
Today the Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General took action against the participants in a mortgage-kickback scheme. In a complaint filed in federal court, the CFPB and Maryland allege that the Maryland-based title company’s executives and the named loan officers traded cash and marketing services in exchange for mortgage referrals.
Read More »
TLTA Members Give TRID Update at TMBA Conference
Three TLTA members provided an update on TRID at the Texas Mortgage Bankers Association conference May 3-4 in San Antonio. Pictured from left to right are Marvin Stone with Stewart Lender Services, Janet S. Minke, CTIA with Alliant National Title Insurance and Thomas F. Vetters II with Robertson Anschutz Vetters speak about the new TRID form and the resulting changes to the closing process that will occur when it is implemented Aug. 1st.
New CFPB Consent Orders Point to Growing Indirect Regulation of Title Insurance
JD Supra | April 7, 2015
The Consumer Financial Protection Bureau's enforcement attorneys have pulled back on new investigations in order to clear out a slew of pending cases, according to multiple current and former officials at the agency.
Read More »
Survey: TRID Impact Riles Most Mortgage Bankers
Housingwire | April 30, 2015
The majority of mortgage bankers are focused on the looming TILA-RESPA rule changes and worry about its impact on their business operations, according to a new survey from Lenders One, the national alliance of community mortgage bankers, correspondent lenders and suppliers of mortgage products and services.
Read More »
Check out the Exciting New Schedule and Speakers for the TLTA Conference!
Review the new
schedule,
get registered and
make your hotel reservation today.
NEW THIS YEAR! Optional Pre-Conference program scheduled for June 17 at the Gaylord:
TLTA TRID Readiness Series Part II
Hands-On, How-To Workshop that will take you through the new Closing Disclosure using case studies. Grab a calculator and a pencil and plan to join us!
10am-4pm includes lunch
Click here for Pre-Conference Program
Register Today!
Escheating in Texas
May 14, 2015 1:30-2:30 p.m.
Escheating is a commonly used word in the title industry, but do you know what it really means? The dictionary defines it as “a common law doctrine which transfers the property of a person who dies without heirs to the crown or state. It serves to ensure that property is not left in "limbo" without recognized ownership.” It’s an old concept that is still essential in today’s title industry.
If you are an Escrow Officer or Assistant, you can’t afford to miss this informative webinar where you will learn the historical background for escheat laws, current statutory references and applicable Texas Department of Insurance regulations. Also discussed, the time frames for reporting to the state, penalties for late filings, how the depositor gets the money from the state, when is last contact, and the importance to the integrity of the title industry of properly and promptly handling escheat matters.
Heidi Junge will lead this informative exploration of escheating and how critical it is to the title industry.
Register for live webinar »
Register for On Demand webinar »