RESPA News asked readers in a recent poll about their opinion regarding possible changes to closings. Specifically, we asked readers if they thought the Consumer Financial Protection Bureau (CFPB) should make a universal closing process. A majority of the voters were against the idea.
The CFPB published a notice in the Federal Register on Jan. 3, requesting information from the public about the mortgage closing process. The agency said it wanted to develop a more streamlined and efficient closing process and sought information on “key consumer pain points” associated with closings and how those pain points can be addressed by market innovations and new technology.
To find out our readers’ opinions on the bureau making closing changes, RESPA News published a poll asking: Do you think the CFPB should mandate a new, universal closing process?
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