Join us on LinkedIn Follow us on Twitter Like us on Facebook Follow us on Instagram
 
  OCTOBER RESEARCH STORE Already a subscriber? LOG IN
AddControlToContainer_DynamicNavigation5

Affiliated Compliance

Affiliated Compliance is a new monthly series from RESPA News on affiliated companies. Our goal is to feature companies which have had history and experience with affiliated business to learn about their success and share the RESPA compliance lessons they have gained in these affiliations over time. These stories will remain open to all readers so the lessons being shared can benefit every company in the industry.

DLP Closing Services president gives compliance advice in 'hot' affiliated business market

Posted Date: Thursday, July 29, 2021

Since founding DLP Real Estate Capital 15 years ago, CEO Don Wenner has built a portfolio of affiliated businesses focused on real estate lending, real estate investing, property management, construction management and title services with St. Augustine, Fla.-based DLP Closing Services. Read on for RESPA compliance tips from DLP Closing Services President Amanda Dean.

Title Alliance created affiliated business niche

Posted Date: Thursday, February 25, 2021

Title Alliance, Ltd. has been in the business of creating and administering successful RESPA-compliant, joint-ventured title agencies for more than 37 years. Read on for CEO Jim Campbell’s thoughts on the RESPA-compliance lessons the company has gained through these affiliations.

McDonnell and Associates’ ‘traveling attorney’ model led to growth

Posted Date: Thursday, January 14, 2021

In 2003, McDonnell and Associates, PA was launched to provide a more convenient model to help loan borrowers.

FAN not afraid to ‘bust chops’ to ensure compliance

Posted Date: Monday, November 16, 2020

The Florida Agency Network (FAN) is a conglomerate of independent title agencies, settlement service providers and technology companies throughout Florida. Read on for Chief Operating Officer Mike LaRosa’s tips on the benefits of having affiliated businesses, and how to remain RESPA compliant with those companies in this open story.

Outside counsel helps TRI Pointe Connect stay RESPA compliant

Posted Date: Monday, August 10, 2020

TRI Pointe Group, through some of its homebuilding operations, has been around for 100 years. It now is one of the top 10 largest public homebuilding companies based on revenue in the United States. As of March 30, the company had $3.172 billion last 12 months (LTM) home sales revenue, and 5,678 LTM new home deliveries, with a $626,000 average sales price of homes delivered. Read on to see how the company has grown while remaining compliant with its affiliated businesses.

Latter & Blum, affiliate say compliance is everybody’s job

Posted Date: Thursday, June 18, 2020

Latter & Blum is the largest independently owned real estate and home services company in Louisiana and the Gulf South. Meanwhile, Latter & Blum affiliate Essential Mortgage has seen a 69 percent volume increase so far year-to-date over 2019, with no signs of slowing down the second half of the year. Read on to say what top executives at both companies told RESPA News about how to stay compliant in this open story.

Motto Mortgage teaches transparency, compliance

Posted Date: Thursday, May 28, 2020

There are currently more than 100 Motto Mortgage offices open in more than 30 states. Each office is independently owned, operated and licensed. But the company says they all share the Motto Mortgage philosophy. Motto Franchising President Ward Morrison spoke to RESPA News about the company's success and compliance lessons gained.

Taylor Morrison’s conservative approach to RESPA compliance

Posted Date: Monday, April 27, 2020

Scottsdale, Ariz.-based Taylor Morrison Home Corp. is currently the fifth-largest homebuilder in the United States. Last year, its affiliated title business, Inspired Title Services, made more than $20 million in gross revenue. Read on for Inspired Title Services’ Bud Moscony’s tips on the benefits of having affiliated businesses during a pandemic, and how to remain RESPA compliant with those companies in this open story.

Howard Hanna touts longtime RESPRO involvement

Posted Date: Monday, March 23, 2020

In 1957, Howard W. Hanna Jr. started Howard Hanna Real Estate Services with a single office in Pittsburgh using a modest dividend check. Today, the business is the third-largest real estate company in the United States. President Duffy Hanna spoke to RESPA News about the company’s experience with affiliated businesses and RESPA compliance lessons they’ve gained in these affiliations over the years. Read on for Part III of our series on affiliated companies.

Fox & Roach says flexibility, education key to staying RESPA compliant

Posted Date: Thursday, February 27, 2020

Berkshire Hathaway HomeServices Fox & Roach Realtors has been the No. 1 company in the Berkshire Hathaway network four years in a row out of more than 1,000 real estate companies across the country.

Real Estate One, a one-stop shop pioneer

Posted Date: Thursday, January 23, 2020

The family behind Michigan-based Real Estate One started experimenting with affiliated businesses long before they became commonplace in the industry. REO co-owner Stuart Elsea spoke to us to share the RESPA compliance lessons the company has gained in these affiliations.


Monthly Newsletter

RESPA News Monthly
May 2025

Cover Story:

CFPB asks to vacate settlement with Townstone, citing misconduct by CFPB


News by Topic   News by Edition   In-depth Reports   Events   Subscribe
All Rise
Case Law
Enforcement Update
Industry News
Legislation
Regulatory News
The Week in Washington
The TRID Journey
TILA News
 
 
RESPA News Monthly
March 2025
RESPA News Monthly
April 2025
RESPA News Monthly
May 2025
Archives
 
2025 State of the Industry
The ABCs of RESPA
Fair Lending
Mortgage Technology
Real Estate Compliance Outlook
Archives
 
 
National Settlement Services Summit (NS3)
Women's Leadership Summit (WLS)
Webinars
 
Subscriptions
Free Email Updates
Try a Free Edition
Library       RESPA Defined   About   Other Publications
NAR Settlement Resources
Affiliated Compliance
Blog - Tuesdays with Mary
Case Law
CFPB Guidance Documents
Enforcement Documents
Federal and State Legislation
Federal Register Notices
HUD's FAQ's - General
HUD's RESPA final rule FAQs
 
Keys to Real Estate Podcast
Model Disclosure Forms
Other Guidance Documents
Position Papers
Proposed Disclosure Forms
Proposed Rules and Regulations
Settlement Agreements
Statements of Policy
Studies and Proposals
 
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
Current Issues
The RESPA Statute
 
RESPA News
Contact / Editors
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement
 
The Title Report
The Legal Description
Valuation Review
Dodd Frank Upate
Copyright © 2005-2025 RESPA News
An October Research, LLC publication
3046 Brecksville Road, Suite D, Richfield, OH 44286
(330) 659-6101, All Rights Reserved
www.respanews.com | Privacy Policy
VISIT OUR OTHER WEBSITES
> Dodd Frank Update
> The Legal Description
> The Title Report
> Valuation Review
> NS3 The Summit
> Women's Leadership Summit
> October Research, LLC
> The October Store


Loading... Loading...
12 USC Section 2605 or Section 6 is titled Servicing of mortgage loans and administration of escrow accounts. It pertains to qualified written requests, notices of transfer of servicing and the administration of escrow accounts.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
An arrangement that involves a person who is in a position to refer business as part of a real estate settlement service and who has an interest in a settlement services provider.

In the arrangement, the person, who has either an affiliate relationship with or a direct or beneficial ownership interest of more than one percent in a settlement services provider, directly or indirectly refers business to that provider or influences a consumer to select that provider.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
A mortgage disclosure that lists all estimated charges and fees associated with your loan. In addition to fees and charges, it will list your loan amount, mortgage rate, loan term and estimated monthly payment. Your escrows due at closing for insurance and taxes will also be outlined. Mortgage lenders are legally required to provide a GFE within three days of receiving your application.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
Under RESPA Section 2605(e)(1)(B), a qualified written request is a written correspondence that includes: 1) the name and account of the borrower, or has enough information to allow the servicer identify that information; and 2) a statement of the reasons for the belief of the borrower that the account is in error or provides sufficient detail to the servicer regarding other information sought by the borrower.

A QWR cannot be written on a payment coupon or other payment medium supplied by the servicer.
12 USC Section 2609 or Section 10 is titled Limitation on requirement of advance deposits in escrow accounts. It governs escrow accounts including notifications and statements to borrowers. Section 10 also sets out penalties for those who violate the section.
RESPA Section 3 provides that a thing of value includes any payment, advance, funds, loan, service or other consideration

Regulation X says thing of value includes: monies, things, discounts, salaries, commissions, fees, duplicate payments of a charge, stock, dividends, distributions of partnership profits, franchise royalties, credits representing monies that may be paid at a future date, the opportunity to participate in a money-making program, retained or increased earnings, increased equity in a parent or subsidiary entity, special bank deposits or accounts, special or unusual banking terms, services of all types at special or free rates, sales or rentals at special prices or rates, lease or rental payments based in whole or in part on the amount of business referred, trips and payment of another person’s expenses or reduction in credit against an existing obligation.
A form used by a settlement or closing agent itemizing all charges imposed on a borrower and seller in a real estate transaction. This form represents the closing transaction and provides each party with a complete list of incoming and outgoing funds. RESPA requires the HUD-1 to be used as the standard real estate settlement form in all transactions in the U.S. involving federally related mortgage loans.
Featuring:
  • Delivery 3X a week plus breaking news as it happens
  • Comprehensive title insurance industry news
  • Recent acquisitions, mergers, real estate stats
  • Exclusive in-depth coverage of the industry's hottest stories
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Comprehensive Dodd-Frank coverage
  • The latest information from the CFPB
  • Full coverage of Congressional hearings
  • Updates on all agency actions
  • Analysis of controversial provisions
  • Release of newest studies and reports
Sign up today and...
  • Be one of the first to know where NS3 is being held
  • Learn about NS3 speakers and sessions
  • Save on registration with Super-Early Bird rates
  • Discover the networking opportunities NS3 offers
  • Find out if CE credits will be offered for your area
  • And much more
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Preview the latest RESPAnews.com Top Story
  • RESPA related headline news
  • Quote of the Week
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • Legal, regulatory and legislative information impacting the settlement services industry
  • News from HUD, Congress, state legislatures and other regulatory agencies
  • Follow the lobbying efforts of all the major national real estate services organizations.
Featuring:
  • Delivery 2X a week plus breaking news as it happens
  • The industry's only full-time newsroom
  • Relevant, up-to-date appraisal industry news
  • Covering the hottest stories and industry trends
NEWS BY TOPIC
NEWS BY EDITION
IN-DEPTH REPORTS
EVENTS
LIBRARY
FREE EMAIL UPDATES
ABOUT
SUBSCRIBE
All Rise
Case Law
Conference Coverage
Enforcement Update
Industry News
Legislation
Regulatory News
This Week in Washington
The TRID Journey
TILA News
Current Edition
April 2025
March 2025
February 2025
Archives
2025 State of the Industry
Real Estate Compliance Outlook
The ABCs of RESPA
Fair Lending
Mortgage Technology
Best Practices
Archives
National Settlement
Services Summit (NS3)
Women's Leadership
Summit (WLS)
Webinars
Evolving Realtor Relationships
2025 Economic Outlook Series
CFPB's Shake-Up & Its Impact
Artificial Intelligence for Title
Industry and Regulatory Outlook
RESPA Updates You Need to Know
Evolving Consumer Relationships
Strategies post-NAR settlement
Excess Equity
Securing Your Cyber Network
2024 Economic Forecast Series
Webinar Archives
Cyber Solutions Showcase
NAR Settlement Resources
Keys to Real Estate Podcast
Blog - Tuesdays with Mary
Executive Interview Series
eClosing Solutions Showcase
RESPA DEFINED
Affiliated Compliance
Case Law
Disclosure Forms
Enforcement
Federal and State Legislation
Guidance Documents
HUD's FAQ's - General
HUD's RESPA final rule FAQs
In-Depth Reports
Position Papers and Studies
Rules and Regulations
Timeline of revisions
Disclosure requirements
Prohibited practices
RESPA enforcement
Dodd-Frank Amendments
RESPA Glossary
Current Issues
The RESPA Statute
Model Disclosure Forms
Proposed Disclosure Forms
Enforcement Documents
Settlement Agreements
CFPB Guidance Documents
Other Guidance Documents
Statements of Policy
Position Papers
Studies and Proposals
Federal Register Notices
Proposed Rules and Regulations
RESPA News
Contact Us
Advertise
Request a Media Kit
Social Media
Are You An Expert?
Subscriber Agreement