Over the last week we have thrown out quite a few questions around the Loan Estimate and what will become the new “good faith estimate” we’ll all come to know under the new rules. We’ve also posed some questions around streamlining the loan estimate process.
And yes, as we suggested ways to enhance the Loan Estimate form we also squeezed in a plug for our Pavaso Platform and a powerful component of that — Digital Close. But it’s sincerely meant to be more than just a quick sales drop of what we’ve created at Pavaso.
In addition to offering a solution that will be compliant with the TILA-RESPA Integrated Disclosure Rule, our powerful digital closing platform takes the best of the web’s collaboration and social features, integrations, analytics, and enterprise scalability to bring everyone in the closing process together on the same page, in a new and engaging way.
Near the end of this week and into the following week, we will begin to touch on the rule’s section regarding its implementation. It will make for interesting reading that will help you get closer to a strategy for complying by Aug. 1, 2015.
Don’t forget to check back this week and visit the TilaRespa Knowledge Center for more information on the impacts to the industry and how technology solutions can help your business mitigate them.
All information and views expressed or implied are provided without warranty and are only the opinion of Pavaso, Inc. Each participant should seek legal representation for legal interpretation of the ruling and the CFPB directly for final instruction and interpretation. The final rule can be found here.
