Real Estate Agents

YOUR KEY TO A PERFECT CLOSING

WHY CONSUMER TITLE AND ESCROW ?

Consumer Title and Escrow is here to guide you through the challenges of a new regulatory environment.

As the focal point for real estate transactions, real estate professionals will be affected by a number of rules and regulations put forth by the Consumer Financial Protection Bureau (CFPB). You will need to be able to talk your clients through the new forms resulting from the proposed mortgage disclosure rule – which will also affect the timing of your transactions with a mandatory three-day notification for both the Loan Estimate form and the Closing Disclosure form. You’ll also deal with the fallout of clients having to qualify for a mortgage under the more stringent underwriting requirements of the Ability-to-Repay/Qualifying Mortgage rule.

The changes being brought about by the CFPB’s service provider bulletin, proposed rule integrating mortgage disclosures and the ability-to-repay/qualified mortgage rule should all turn out to be positives for your clients. Of course, as with any large-scale change, there will be a learning curve for everyone involved in real estate transactions, but there are people you can depend on both during and after the transition to the new regulatory environment.

We are working with your lenders to insure a smooth transition. Consumer Title has invested in the digital platforms needed to integrate seamlessly with the Lender for the TILA-RESPA Integrated Disclosure - TRID.l

At Consumer Title and Escrow, our staff of title insurance professionals are held to the highest standads of performance and trained to maintain compliance in the new regulatory environment. Trust us to protect your interest and improve the transaction experience for you and your customers.