I think I'm experiencing a bit of déjà vu... This reminds me of some of the claims (or disinformation) we were seeing when the SPW announced itself - not only from them, but from 'XYZ', ANSA and others. (Can't remember for sure if Notary2Pro was one of them, but I'm inclined to think so.)
Yes, compliance will be mandatory for LENDERS! As I understand it, it's up to them to define what that means for it's subcontractors, so for the most part there are no official, legally sanctioned standards, outside of those states that are requiring TPL or other licensing. The CFPB has not created any compliance standards for US and is unlikely to do so. What they HAVE done, is issue numerous bulletins to *lenders* requiring them to prove that *they* are complying with all federal law relative to financial institutions. Lenders will need to create or adopt their own compliance standards, and they may not all be the same. [If anyone knows of anything I've got wrong here, PLEASE set the record straight.]
That doesn't mean that the guidelines that the SPW has put together won't be adopted by title companies and lenders. I'm sure the SPW's members (especially XYZ) are heavily lobbying for that to happen. But at this stage, I think it's important that we are able to wade through the misstatements, manipulation (or just ignorance) used in emails like the one referenced here.
I suspect this is just the beginning of "offers" by various organizations that will try to capitalize on this developing situation, just like with background checks. I think it will take the same kind of discernment to wade through all the hoopla...
|
| Messages in this Thread |
|  A new compliance product for signing agents -  Cheryl Elliott on 7/30/15 12:22pm |
|  Yes..in my spam folder earlier... - Linda_H/FL on 7/30/15 12:28pm |
|  Re: Yes..in my spam folder earlier... - Cheryl Elliott on 7/30/15 12:41pm |
| Re: A new compliance product for signing agents - Karla/OR on 7/30/15 12:49pm |
| Re: A new compliance product for signing agents - zebbienc on 7/30/15 12:52pm |
|  Re: A new compliance product for signing agents - Cheryl Elliott on 7/30/15 1:04pm |
| Re: CertainSafe - Thank You...& Clarification! - Kent Nies on 7/31/15 3:31pm |
| There is no Marco, FL, only Marco Island, and is small. n/m - Luckydog on 7/30/15 1:07pm |
| 4740 Flintridge Dr Suite 130, Colorado Springs, Colorado - Brenda/FL on 7/30/15 1:38pm |
| The address at the very bottom of their email... - JanetK_CA on 7/30/15 2:10pm |
|  It's advertising their cloud service - Luckydog on 7/30/15 5:20pm |
| Signing Agent School is that training by - Linda_H/FL on 7/30/15 1:41pm |
| Correction - it's w/ Express Notary Services n/m - Linda_H/FL on 7/30/15 1:44pm |
| Re: Signing Agent School is that training by - jba/fl on 7/30/15 1:57pm |
 | Re: A new compliance product for signing agents - JanetK_CA on 7/30/15 1:48pm |
| I don't believe it is mandatory - Luckydog on 7/30/15 1:50pm |
| IMO it's another bs gimmick to convince some that they - MW/VA on 7/30/15 2:34pm |
| "Mandatory"--says who???? n/m - MW/VA on 7/30/15 2:34pm |
| Out of respect for this site, I want to avoid advertising. - Stoli on 7/30/15 4:17pm |
| Signing Agent School = Notary2Pro? - BearPaw/CO on 7/30/15 8:11pm |
| Re: Signing Agent School = Notary2Pro? - JanetK_CA on 7/31/15 12:04am |
| Attack to your Heart's content, BearClaw, as it only - Christine/OK on 7/31/15 6:36am |
| Tell me, Christine, who recognizes Carol Ray’s ‘certificate’ - Stoli on 7/31/15 11:29am |
| Re: Attack to your Heart - John Tennant on 7/31/15 11:38am |
| Re: Attack to your Heart - JanetK_CA on 7/31/15 2:51pm |
| I wasn't making that connection, so thanks. n/m - MW/VA on 7/31/15 8:54am |
| just more bs n/m - Darlin_AL on 7/30/15 4:30pm |
