The rumor mill has been churning in the Closing Industry….Four weeks ago, a leader within the CFPB made comments that there could be delay in implementation of the TILA RESPA reform. Since that time, I have had the opportunity to speak with more than a handful of folks within the bureau, and leaders from around the country and I am getting the same message:
YOU HAVE HAD 22 MONTHS TO COMPLY, IF YOUR NOT READY IN AUGUST ITS YOUR OWN PROBLEM…
Nationally, we are seeing more and more implementation by title industry participants, locally we are still seeing very little effort being put toward this big change.
Where will your company be this time next year?