Tag Archives: CFPB

Important CFPB enforcement – title supplier selection and title order placement

On January 22, 2015, the Consumer Financial Protection Bureau (CFPB) took significant RESPA enforcement action against two of the nation’s largest banks for alleged illegal kickbacks paid to loan officers or underwriters who selected title suppliers. Are you still allowing loan officers to select their preferred title or closing agent? If so, why?  Don’t take this... Read more