Fidelity National Title, located in Sacramento, CA, specializes in providing consumers with essential information concerning mortgage loan disclosures under the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA). The company aids in integrating mortgage loan disclosures, following the regulations set forth by the Consumer Financial Protection Bureau (CFPB).
With the introduction of new regulations, Fidelity National Title prepares its production systems to deliver the required fee quotes and generate the new closing disclosure forms efficiently. They assist borrowers by providing the new Loan Estimate form, replacing the Good Faith Estimate (GFE) and early TILA form, and the Closing Disclosure, combining the HUD-1 Settlement Statement and final TILA form.
Consumers can benefit from Fidelity National Title's expertise in the new terms introduced by the CFPB, such as business days, creditor definition, and the concept of consummation. The company ensures that borrowers are informed and guided through these changes, impacting the timing of real estate transactions to comply with the new regulations effectively.
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