In preparation for the federally mandated changes and requirements for the Good Faith Estimate (GFE), Docu Prep Inc, Salt Lake City, has created a feature that will provide customers with an easy transition to comply with any coming GFE changes. The Department of Housing and Urban Development's (HUD) new GFE requirements, which will go into effect Jan 1, 2010, will mean lenders need to update their systems to ensure compliance with the upcoming changes. Docu Prep's new feature will allow users to easily disclose their fees and comply with GFE regulatory requirements while maintaining a parallel structure to their current LOS systems.
Docu Prep creates new application in preparation for GFE changes Anonymous Mortgage Banking; Dec 2009; 70, 3; Docstoc pg. 88 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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