CFPB Seeks Participants for E-closing Pilot Program

May 6, 2014

In addition to releasing a report highlighting consumer pain points in the closing process, the Consumer Financial Protection Bureau released guidelines for an upcoming e-closing pilot project. The pilot program is open to settlement agents, lenders and technology companies that are using a digital solution for closings. Read on to learn what minimum technical participants must be able to perform and for details on how to apply.

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SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.