CFPB to Host E-closing Forum Wednesday
August 4, 2015
The Consumer Financial Protection Bureau (CFPB) will host an e-closing forum at its D.C. headquarters at 1 p.m. EDT, Wednesday, Aug. 5.
The forum will feature remarks from Director Richard Cordray, as well as a panel discussion with consumer groups, industry representatives, and members of the public. ALTA staff will attend the forum.
A live video will be streamed here on the bureau’s blog.
Last year, the CFPB selected 12 companies to participate in its mortgage e-closing pilot program. The companies that partcipated were a mix of technology vendors providing e-closing solutions and creditors that have contracted to close loans using those solutions.
The vendors that participated included:
- Accenture Mortgage Cadence
- DocMagic
- eLynx
- Pavaso
- PiersonPatterson
The lenders that participated included:
- Blanco National Bank
- Boeing Employees Credit Union
- Franklin First National Financial
- Flagstar Bank
- Mountain America Credit Union
- Sierra Pacific Mortgage
- Universal American Mortgage
For more information about the pilot program and the renewed push for electronic transactions, read the September 2014 edition of ALTA's TitleNews.
Contact ALTA at 202-296-3671 or [email protected].