DBS Prepares for the upcoming changes in RESPA
If your institution has been hearing about the changes to the Good Faith Estimate
and HUD Settlement Statements and you are not sure what your institution needs to
do to prepare, then you've come to the right place. If you are an existing
DBS customer, then you can feel confident that DBS is following the changes closely
and will be prepared to provide you with all the necessary tools for a smooth transition.
If you would like to learn more details about the upcoming changes, then we encourage
you to checkout the webinars provided by Wolters Kluwer Financial Services below.
Prepare for RESPA changes with Wolters Kluwer Financial Services’ live webinars
On November 17, 2008, The Department of Housing and Urban Development (HUD) issued
a final rule under the Real Estate Settlement Procedures Act (RESPA) to simplify and improve the process of obtaining
home mortgages and to reduce settlement costs for consumers. As part of this change,
lenders will be required to use a new Good Faith Estimate (GFE), and revised HUD-1
or HUD-1A Settlement Statement by January 1, 2010. Wolters Kluwer Financial Services
is providing informative webinars that will provide an in-depth review of the new
GFE and HUD1/1A and how to prepare the new documents. If you would like to obtain
more detailed information and/or register for the webinar vist the links below.
|
|
|
RESPA: Preparing the new GFE
RESPA: Preparing the new HUD1 or HUD1A
|