ARCH MI LAUNCHES ONLINE TRID INFORMATION CENTER.
Arch Mortgage Insurance Company (Arch MI), a wholly owned subsidiary of Arch Capital Group Ltd., has launched a new online resource to provide information and resources to lenders to help them prepare for the expected October 3,2015 launch of the Consumer Financial Protection Bureau's (CFPB) TILA-RESPA Integrated Disclosure (TRID) rules.
Arch MI's TRID Information Center is a unique repository of information for lenders including a webinar, FAQs, resources and links created in conjunction with Benjamin K. Olson, a partner at the Buckley Sandler law firm. Olsonis a former Deputy Assistant Director of the CFPB's Office of Regulations, who led the Bureau's development of the proposed rules and forms integrating TILA and RESPA disclosures. Arch MI's TRID Information Center is available at https://mi.archcapgroup.com/News-Resources/TRID- Information-Center.
The centerpiece of Arch MI's TRID education effort is a proprietary webinar hosted by Mr. Olson, who delivers his expert opinion on mortgage insurance and tolerances under TRID and corresponding lender disclosure responsibilities. The TRID rules will have a transformative effect on the mortgage origination process for consumers and industry, Mr. Olson said. Although the rules can be dauntingly complex, they also offer a unique opportunity for lenders and service providers who can master their intricacies.
Our goal is to provide our customers with clarity on how mortgage insurance will be treated under TRID and how and where to disclose this information, said Chris Hovey, executive vice president and chief operations officer at Arch MI.
ABOUT ARCH MI
Arch Capital Group Ltd.'s U.S. mortgage insurance operation, Arch MI, is a leading provider of private insurance covering mortgage credit risk. Headquartered in Walnut Creek, CA, Arch MI's mission is to protect lenders against credit risk, while extending the possibility of responsible homeownership to qualified borrowers. Arch MI's flagship mortgage insurer, Arch Mortgage Insurance Company, is licensed to write mortgage insurance in all 50 states, the District of Columbia and Puerto Rico.
For more information, visit archmi.com or call 925/658-6193.
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|Publication:||Worldwide Videotex Update|
|Date:||Jul 1, 2015|
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