Lender’s General Counsel Says More Guidance Needed from CFPB on Third-Party Oversight

July 3, 2014

Speaking during the 2014 Settlement Services Summit, Flagstar Bank General Counsel Michael Flynn offered insight into how financial institutions are responding to third-party vendor oversight. Read on to learn what lenders may require from settlement agents in order to prove compliance.

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SoftPro, based in Raleigh, NC, offers a mature suite of products, designed specifically for the closing and title industry. Our mission is to serve our client base, with best-in-class products and services. Our products are modular so we don't force you to buy anything you don't need. You can always add on as your business grows. Unlike other software companies, we view the sale as the beginning of the relationship rather than the end. 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.