The Truth in Lending Act requires that lenders disclose certain credit-related details to consumers before they enter the transaction.
The required disclosures include the detailed components of the finance charges, in order to assist the consumers in comparing options.
PPDocs’ pre-closing fulfillment services assist the lender in obtaining the accurate and necessary information and check for compliance with applicable statutes.
Our fulfillment services assist lenders in fulfilling their obligations and staying in compliance with state and federal regulations.
In today’s regulatory landscape, the compliance requirements do not end at closing. Missed signatures and incomplete documentation are just a couple of the potential pitfalls that await lenders that do not take measures to ensure post-closing compliance.
We offer a variety of post-closing services to address these issues, ease the burden of the delivery of paperwork, and increase productivity.
Whether a lender needs more involved assistance with CD review or the minimum assistance with closing and delivery of secondary market loans, our fulfillment services offer the perfect solution.
Our fulfillment service options include, but are not limited to:
Avoid refunds to the borrower for tolerance issues by providing final CD that matches the final fees
Prevent purchase delays by ensuring that all investor closing and funding conditions have been met
No funding calculation and the right amount of money gets sent to the closing
Save time and money by letting someone else deal with all the paperwork and investor delivery guidelines
Select only the services you need and leave out the excess charges
Your process is simplified, streamlined, and pain free!
Need more information? Drop us a line.
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