RESPA 2010

PPDocs, Inc. has provided solutions to help lenders overcome regulatory obstacles for decades. Today, more than ever, PPDocs, Inc. is committed to assisting our clients and industry partners with meeting the challenges of recent RESPA regulatory changes due to take effect on January 1, 2010.

Free Test Drive

We are proud to announce the launch of our new PPDocs, Inc. GFE/HUD-1 EXPRESS SOLUTION. This new product can be used independent of our PPDocs.com traditional web based loan documentation platform. It is a standalone product designed to assist those who have existing loan document preparation systems and procedures, but only need the ability to generate and electronically deliver the new GFE, HUD-1 and related required forms. It is a web based solution that does not require any software installation or other interface. There are no long term contracts or commitments. Pay for it ($10) only when you use it. “Legal Authority” and other help features are imbedded. Includes E-SIGN compliant e-Disclosure secure post delivery, unlimited testing and unlimited redraws.

News

• November 13, 2009 - HUD Announces Restraint in RESPA Enforcement for First Four Months of New Rule.
• November 17, 2009 - HUD released a new RESPA FAQ.
• November 18, 2009 - System changes are ongoing. As HUD release new FAQs, we will make adjustments to our system as quickly as possible. We will let our clients test drive our new GFE/HUD screens beginning December 1st.
• November 19, 2009 - HUD released a new RESPA FAQ.
• December 16, 2009 - HUD released new Settlement Cost Booklet.
• December 30, 2009 - HUD released a new RESPA FAQ.
• January 29, 2010 - HUD released a new RESPA FAQ.
• April 2, 2010 - HUD released a new RESPA FAQ.

Training

We recommend that our clients attend a "RESPA REFORM - New GFE & HUD-1" training class provided by Power Training, Inc. Use promo code "PPDOCS" to receive a 10% discount off their registration fee.

• Click here for training dates in your area.

FAQ

We will be building a list of frequently asked questions and post them here. These are questions and answers specific to the RESPA changes and how they affected the online order forms.

Links

• HUD's RESPA Website
• RESPA Final Rule
• Most Recent RESPA Rule FAQs
• HUD Announcement re Restraint in RESPA Enforcement for New Rules for First Four Months of 2010
• Memo by Mike Patterson outlining RESPA Changes Effective January 1, 2010
• HUD's New Settlement Cost Booklet

Tools

• Settlement Charge Quote Request Form (Settlement Agent)
• Settlement Charge Quote Request Form (Settlement Service Provider)

Call PPDocs, Inc. at 817.461.5500 for additional information and assistance.