Exception Tracking Spreadsheet (TicklerTrax™)
Downloaded by more than 1,000 bankers. Free Excel spreadsheet to help you track missing and expiring documents for credit and loans, deposits, trusts, and more. Visualize your exception data in interactive charts and graphs. Provided by bank technology vendor, AccuSystems. Download TicklerTrax for free.
CFPB adds FAQs on EGRRCPA impact on SAFE Act
The CFPB has issued four FAQs pertaining to compliance with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) as of November 24, 2019, the effective date of the 2018 amendments to the statute made by the EGRRCPA. The FAQs explain
- the categories of loan originators (Registered and State-Licensed and Loan Originator with Temporary Authority) under the SAFE Act
- where loan originators can exercise temporary authority
- Bureau guidance on state transitional licenses
- that the EGRRCPA amendments to the SAFE Act won't affect the permissibility of transitional licensing
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