Speaker: Mary Lou Heighes, President,
Compliance Plus, Inc.
About the Program
Although still in the proposal stage, the changes to the Real Estate
Settlement Procedures Act (RESPA) will be a huge undertaking. The
combining of the RESPA Good Faith Estimate and the Advance Truth in
Lending Disclosure and the HUD Settlement Statement with a new Final
Truth in Lending Disclosure alone will require changes to your loan
forms, data processing systems and your procedures. In addition, other
contemplated changes include responding to consumer inquiries regarding
servicing and escrow accounts, new tolerance levels for estimates,
changes in the definition of business day, and so much more. Through
this session you will learn the areas where changes are likely to occur
so that you may begin the planning process.