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Seeing clearly: Navigating the uncertainties of lender liability
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Industry News
Monday, June 23, 2014
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Since the Consumer Financial Protection Bureau (CFPB) issued its April 13 bulletin two years ago, lender liability has been an important topic of discussion among lenders and settlement service providers alike. In that time, the industry has made strides to assure comply with regulatory expectations, but those expectations remain unclear.
During October Research, LLC’s National Settlement Services Summit this year, George Houghton, group president, agency operations, Stewart Information Services Corp., led a panel discussion with William Burding, executive vice president, general counsel, Orange Coast Title Co.; Penny Reed, vice president, industry outreach-business capabilities development, Wells Fargo Home Mortgage; and Paula-Rose Stark, senior principal, Promontory Financial Group LLC, on how to gain clarity and move forward to address the concerns of lenders and agents.
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