San Francisco, California
London, United Kingdom
Avoid Unnecessary Closing Delays
“Know Before You Owe” Disclosure Policy Procedures
Increasing Consumer Protection
Everything in the closing process, from the timing of the transaction to how information is shared, and to what language we use when closing real estate transactions will change October 3rd.
With the CFPB prepping to unleash the highly-anticipated TILA-RESPA Integrated Disclosure rule in a few days, a new closing timeline with compliance must be met.
Under the new procedures as a result of the Dodd Frank Act, four documents will be merged into two. Closing a transaction tomorrow is all about accuracy and timing of disclosure.
No doubt about it… these changes will impact real estate practitioners. Are you ready for these changes? How are these changes going to affect your future transactions? What proactive steps can an agent take to avoid risking delays or even losing the contract?
You must advise your clients that there will be unexpected delays in obtaining loan approval, potential changes in the documentation during the transaction, and a host of problems we probably can’t even begin to imagine.
Start preparing now for these new adjustments.
Let’s discuss how to increase client confidence while you build your business in the midst of CFPB changes.
- Understanding CFPB’s rules and compliance
- How to get buyers more qualified in a changing market
- Communication with clients and business partners
- Sharing closing documents – Get permission in writing
- How to create a smooth and efficient process – Create a task and timeline checklist
- Representing the seller under the new closing guidelines
- Review the new Buyer, Seller and Real Estate Agent Closing Disclosures
- Risk management
This class is to help prepare real estate practitioners for the impending changes and how to work proactively with lenders and closing attorneys to avoid unnecessary delays to closings.
Seating is limited! Register today! Don't delay!
My CE Class, LLC #5914 | Expires 12/31/16 | In-class Course, Continuing Education
When & Where
Cathy McDaniel is the author of "A Road Map To Saving Your Home" which is available at the National Association of REALTORS bookshelf. Being in the real estate and mortgage industry since 1993 she opened "My CE Class, LLC" in 2007, a real estate school approved by the Georgia and South Carolina Real Estate Commission. Cathy has conducted over 1,000 live continuing education classes, authored 145 training manuals and has met and trained more than 90,000 real estate professionals throughout 23 states since 2007. She is licensed as a continuing education instructor at many real estate boards and associations across the country.
Cathy is recognized as an industry expert in homeownership and received the 2008 Educator of the Year from GREEA, Georgia Real Estate Educators Association. Today she serves as the Education Director for Georgia Realty School a division of Virtual Properties Realty, Qualifying Broker for Owners 1st Property Management Company, and has a partnership with HomeStar Financial Corporation, Halperin Lyman, LLC and DR Horton Communities and many others which allows her to offer free classes and community events.
Visit: www.classeswithcathymcdaniel.com for course descriptions, dates and locations.
To predict the future you must create it ...Cathy McDaniel
Cathy's Motto: "Autograph Your Work With Excellence!"