When the final RESPA rule was handed down, it was understood that all industry players would have to drastically change their relationships and communication practices.  At the GFE stage, loan originators would need timely, accurate information from the settlement side – and at the HUD-1 stage, the opposite. So now that the new rule is finally here, how much has really changed?  How, and where in the process, can communication be improved?

In Bridging the RESPA Gap, we explore the early-going of the revised GFE and HUD-1 forms.  You’ll walk away with a wide range of usable tips, advice and best practices for lender/title communication from our industry experts.

While some see the new RESPA rule as nothing more than an administrative hassle, others see the growing needs of their clients as a golden opportunity. It allows them to expand their reach through a robust marketing program aimed at filling the gap created by the rule. Agents who are prepared, flexible and willing to take on an educational role in their local market will discover a significant marketing advantage.

Strategic Marketing under RESPA provides six concrete strategies to help you raise your status with your clients, gain significant market share, and become more visible to the consumers in your community.

In 2009, the industry experienced a lot of uncertainty regarding RESPA, marking the year as pivotal in RESPA’s 30-year-plus history. While some of the uncertainty was resolved, many industry experts believed much of the ambiguity would flow into 2010 and beyond. The significance of the changes hit home toward the end of 2009 and thousands found themselves scrambling to implement the new rule and its’ forms. This special report details the most significant events of 2009 and what to expect as we move forward under the final Rule.

In the first half-year of RESPA, HUD has made itself increasingly visible to the industry in an effort to aid in the implementation of the final rule. While these trade association events, training sessions and Webinars have helped many members of the lending and title communities, HUD said it is still seeing inconsistencies and problems with the way the new GFE and HUD-1 are being implemented.

In this exclusive special report from RESPA News, we cover inconsistencies HUD has seen regarding preapprovals, filling out block 1 on Page 2 of the GFE, loan originator compensation and YSP disclosure, administration and processing fees, moving and itemizing fees and much, much more.

REPSA Pack Details

• Total Running Time: 3:04:44
• Format: All materials are provided on a single CD-ROM, webinars are presented in an internet browser based Adobe Flash video presentation, audio seminars are provided as MP3 files and special reports are availalbe as PDF documents
• Presented by: RESPA News
• Produced by: October Research Corporation