Tag Archives: cfbp

Prospect Mortgage to Pay $3.5 Million Fine for Illegal Kickback Scheme

The CFPB’s investigation found that ReMax Gold Coast and Keller Williams Mid-Willamette accepted illegal payment for referrals By Jeff Sorg, OnlineEd Blog (February 1, 2017) –  The Consumer Financial Protection Bureau (CFPB) on Tuesday took action against Prospect Mortgage, LLC, a major mortgage lender, for paying illegal kickbacks for mortgage business referrals. The CFPB also took […]

TRID Rule Reduces Mortgage Offerings, Causes Delays

Banks are still struggling to comply with the Consumer Financial Protection Bureau’s 2015 TILA-RESPA Integrated Disclosure rule By Jeff Sorg, OnlineEd Blog (March 3, 2016) – WASHINGTON — Banks are still struggling to comply with the Consumer Financial Protection Bureau’s 2015 TILA-RESPA Integrated Disclosure rule, or TRID, according to an American Bankers Association survey. The survey, conducted […]

How Real Estate Brokers Can Train for TRID Before the October 3rd Deadline

Free online orientation and training course for real estate agents who still need to get ready for October 3, 2015 TRID (Jeff Sorg, OnlineEd) – When it comes to TILA-RESPA Integrated Disclosure, training is key for your real estate company’s successful transition, and to avoid delayed closings. To help get you up to date, OnlineEd is offering an […]