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Wolters Kluwer Releases RESPA Tool Kit

GRC Announcements | August 21, 2009

Wolters Kluwer Financial has released a tool kit aimed at helping banks, credit unions, and mortgage lenders prepare for the new requirements to the Real Estate Settlement Procedures Act that take effect on Jan. 1, 2010.

The company’s RESPA Tool Kit offers financial institutions a comprehensive overview of the Department of Housing and Urban Development’s changes. These include revisions to the Good Faith Estimate and HUD-1 and HUD-1A documents, as well as Settlement Cost booklets intended to more clearly explain loan terms to borrowers.

  • Streamlined RESPA policy development through the company’s Pringle Policies & Audit Procedures software, which includes a sample RESPA policy that institutions can tailor to their own specific business requirements;
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