SoftPro said that it has upgraded its first customer to the new release of its SoftPro Select Edition software. Select Version 4.0 fulfills all regulatory requirements of the CFPB TILA-RESPA Integrated Disclosure Rule (TRID) that goes into effect Aug. 1, 2015.
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Guardian Title Co., Inc. in Blanco, Texas, is the first SoftPro customer to receive the CFPB-ready Select Version 4.0 update. “It is fantastic to have the new CFPB compliant software installed and ready for Aug. 1,” Guardian Title Co. Manager and Escrow Officer Carla Ernst said in a release. “The upgrade to 4.0 only took about an hour, and I was funding loans on existing orders only five minutes later.”
SoftPro, one of the nation’s leading providers of title, closing and escrow software, has put into place a significant number of educational resources to fully prepare customers for the new regulations. SoftPro customers have access to resources and videos under their mySoftPro login, and for hands-on training, customers are invited to attend the 16th annual User Group Conference in April.
In addition, hands-on training opportunities will be offered across the country beginning in May, and live training is available through numerous SoftPro webinars.
“Today’s delivery of our first CFPB upgrade marks a significant milestone for SoftPro and our customers,” SoftPro Senior Vice President of Sales and Marketing Patrick Hempen said. “We understand the importance of our customers receiving the upgrade well ahead of the Aug. 1 deadline, and we are excited that all new Select purchases going forward will receive Select 4.0.”