Protecting Your Mobility Policy and Costs with RESPA REG X 

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September 28, 2010 
Webinar 

2:00 – 3:00 p.m. EDT

(Earn 1 CRP® credit for this session!)

Did you know that if your home-buying transferee does not choose one of the lender’s title providers, they automatically OPT-OUT of the protection of the RESPA REG X required tolerances?  Because the corporation typically reimburses closing costs on the transferee’s destination purchase, the company also loses protection under RESPA REG X when the employee opts out.  And since title insurance and costs of representation are the second largest destination cost after lender origination fees, addressing this is critical in today’s environment.

This session will provide you with the tools you need to educate employees about the OPT-OUT rule and will offer recommendations on how to adjust corporate policy to ensure that the transferee and the company are protected.

During this one hour program mortgage experts will:

  • Look at the “Spirit” of RESPA REG X on how to improve cost control and the employee service experience
  • Address “Best Practices” for destination title, “The Overlooked Relocation Component”
  • Learn how lenders and title providers must connect with RESPA REG X
  • Discover how to educate the transferee about this industry changing regulation
  • Answer your questions about this aspect of RESPA REG X reform and what’s ahead


Presenter(s):
Michael Carrier
Associate Vice President of Secondary and Capital Markets
Mortgage Bankers Association

Katie Rudnick, CRP
Vice President, Client Relations Manager
Bank of America Home Loans

Larry L. Sontag, CRP
Vice President, National Business Development
Fidelity Residential Solutions


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