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Consumer Financial Protection Bureau seeks input from closing agents, industry professionals
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Industry News
Tuesday, January 7, 2014
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The Consumer Financial Protection Bureau (CFPB) released a Federal Register notice asking for input on the mortgage closing process from closing and settlement agents, consumers, lenders, housing finance professionals, brokers, real estate agents, advocates and other interested parties. The notice said the agency wants to hear from those who work closely with consumers during the closing process. The stories provided will be used to research and test solutions that address some of the biggest “pain points” associated with closing on a mortgage. All comments must be received by Feb. 7 and will be published as public record.
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