Will You Be Prepared?
Lender Strategy
Real Estate Agent Strategy
Effective January 1, 2010, the new Good Faith Estimate ("GFE") and HUD-1 forms will be required in residential real estate transactions. With time being of the essence, many lenders, real estate agents and attorneys are still trying to understand these changes and their resulting implications. What is certain is that lenders will be identifying service providers' fees differently and will now be giving a settlement service provider name to the consumer. The changes have the potential to directly impact your business relationships.
Now more than ever, you need to be prepared and to be proactive by meeting with your lender and real estate agent contacts. You need to understand their expectations going forward in order to sustain those relationships. Communication is key.
To assist you with these meetings, CATIC® introduces "RESPA Relief™." This program will enable you to educate your business partners and capitalize on your existing relationships. Materials and information that are made available focus on a Lender Strategy and Real Estate Agent Strategy. Click on either of these sections to find out more details about them. Keep in mind that many of the materials provided can be customized allowing you to create your own RESPA Relief.
As a Bar-Related® title insurer, CATIC is committed to assisting our Agents and working on ways to maintain the role of the attorney in the real estate transaction. You are our number one priority. RESPA Relief is provided to you with this mission in mind. CATIC will also be speaking with representatives in the lending industry in support of these and other efforts. Together, we will make a difference.
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