Ellie Mae has launched a new RESPA – TILA Readiness Initiative that includes a series of free webinars and a new online information hub of free resources, Ellie Mae’s Compliance Central. The program is designed to educate mortgage professionals on the new RESPA – TILA integrated disclosure rules and prepare lenders for the challenges, risks and major workflow changes that will occur when the rules take effect on August 1, 2015.
The first three free RESPA-TILA webinars will be held on July 9and July 10. More than 1,700 mortgage professionals have already signed up for the first webinar on July 9, which is ‘sold-out,’ the Company said.
The hour-long, interactive webinars will be led by Angela Cheek, Ellie Mae’s vice president and counsel of Product Compliance and John Haring, Ellie Mae’s compliance enablement manager, who is also a member of the Mortgage Bankers Association’s RESPA – TILA Forum. New webinars will be offered monthly through August 2015 and will include outside legal and compliance experts, as well as Ellie Mae compliance and product executives.
In addition, Ellie Mae has launched Compliance Central on EllieMae.com, a one-stop shop for free resources to help mortgage professionals understand the regulations and offer practical advice on how to get ready for the new RESPA – TILA rules. Compliance Central includes eBooks, whitepapers, articles and blogs. New RESPA-TILA resources will be added regularly.
“The new RESPA – TILA integrated disclosures, and the rules that accompany them, will have a profound impact on technology, workflow and business processes,” said Angela Cheek, Ellie Mae’s vice president and counsel of Product Compliance. “Ellie Mae’s RESPA – TILA readiness initiative will help mortgage professionals prepare for the massive regulatory changes ahead and, over time, will address how we will enhance our Encompass mortgage management solution to incorporate the new forms and regulations and ensure our clients are fully compliant.”
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