To start, the booklet has a slightly revamped design, which the CFPB states is intended to more closely align to the Your Home Loan Toolkit in appearance. While the changes to the booklet include removal of references to the LIBOR, which is expected to be discontinued in 2021, the CFPB made many additional changes. The CFPB published a Notice of Availability in the Federal Register to alert the public to an updated version. The Consumer Financial Protection Bureau (the “CFPB”) today announced a revised Consumer Handbook on Adjustable Rate Mortgages (“CHARM”) booklet to, among other changes, reflect the discontinuance of the London Interbank Offered Rate (“LIBOR”). Stay up-to-date with the latest compliance and industry news. Let us help you get the most from DocMagic of Veteran Affairs updates rules for Refi-Cashout Home Loans Legislation Amending Dodd-Frank in the House of Representativesĭept. The core component inside all of our mortgage technology solutionsĬFPB Issues Final Rule Amending Regulation B Secure and compliant print and mail automation systemĮxperienced innovation advisers and the right technology solutionsĬonnecting systems, data and applications to deliver a seamless user experience Providing our customers with superior services and technical capabilities designed to help them achieve strategic goalsĪ flexible, scalable and customizable Digital Transaction PlatformĪccess to a wide variety trusted of 3rd party integrations Tools for borrowers, lenders and title agents to collaborate on the loan processĮngage borrowers with mobile access to the loan process Seamless and compliant digital platforms for completely paperless eClosingsĮnsuring compliance at every stage of the loan process We ensure data and document accuracy from initial disclosures to closingĮSign and eNotarize electronic documents and automate appraisal delivery Innovative, automated, and compliant technology solutions designed to advance every stage of your mortgage loan process
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