North American Title Insurance Co. to Present Complimentary Webinars on Implementation of New CFPB TILA/RESPA Mortgage Disclosure Final Rule
Miami, Fla. (PRWEB) April 13, 2015 -- North American Title Insurance Co. (NATIC) will air a 60-minute free webinar on Wednesday, June 3, providing training on the Consumer Financial Protection Bureau’s (CFPB) new TILA/RESPA Mortgage Disclosure final rule. The webinar is part 3 of a three-part, in-depth training series sponsored by SterlingIV. It will provide participants with an implementation checklist of items to ensure full compliance with the new rule prior to the Aug. 1 go-live date.
Webinar speakers are NATIC Mid Atlantic Regional Underwriting Counsel Mark Heacock and partner and owner of Brady & Kosofsky, Jaime Kosofsky. The June 3 webinar, which does not provide CE or CLE credits, is open to all and has an attendee limit of 500 seats. The webinar will be repeated on Thursday, June 18, for NATIC agents who wish to receive CE/CLE credit in certain states. Attendance for the June 18 webinar is limited to 200.
“Seasoned industry members may feel comfort in having gone through the mortgage disclosure reform of 2010,” said webinar moderator Kelly McCarel, NATIC industry education and research specialist. “However, implementing the new CFPB rule is different. Everyone working within the real estate transaction needs full training and systematic overhauls to comply. In addition, the CFPB has indicated there will be no grace period for compliance.”
“NATIC is hosting these webinars to create stepping stones as title agents work through implementation and train their staff on the important elements of the new rule,” added McCarel.
Heacock has more than 30 years of experience in corporate and agency environments in underwriting, as well as closing residential and commercial transactions. He also is experienced in claims resolution, avoidance and elimination. Heacock is a graduate of the University of Virginia and the Georgetown University Law Center.
Kosofsky is a licensed attorney and leading authority in residential real estate law and title, REO practice and the unauthorized practice of law. A well-known lecturer of title-related issues at national, regional and local conferences, he is on the board of the Real Estate Lawyers Association of North Carolina. Kosofsky is a graduate of Indiana University Bloomington and the Thomas M. Cooley Law School.
Both webinars will be held from 2-3 p.m. EDT. Online registration for the June 3 webinar is at http://tinyurl.com/respa-tila3-060315.
For the June 18 webinar, continuing education (CE) credit applications have been submitted for the following states: Indiana, Maryland, Ohio, Oklahoma, Pennsylvania, Tennessee, Texas, Utah and Virginia. Continuing legal education (CLE) credit applications have been submitted for the following states: Florida, Georgia, Illinois, Indiana, North Carolina, Ohio, South Carolina, Tennessee, Utah and Washington.
Online registration for the June 18 webinar is at http://tinyurl.com/respa-tila3-061815. Registrants will need to enter their title license number, National Producer Number (NPN) or attorney number if they are applying for CE or CLE credit in the appropriate state.
About North American Title Insurance Co. (NATIC)
North American Title Insurance Co. (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve the goal of true business success for over 50 years. NATIC conducts real estate settlement services in 39 states and the District of Columbia. NATIC earned the reputation as the “underwriter next door,” because their decision makers and associates are easy to reach and their processes are quick and straight forward. The NATIC agency application process is fast and transparent for qualified agents. NATIC has a one-hour underwriting response guarantee that is unparalleled in the industry.
NATIC is the largest capitalized company in Peer Group 2, which groups companies with capitalization between $25 million and $100 million as determined by Kroll Bond Rating Agency, Inc. NATIC is ranked 7th by The Performance of the Title Insurance Underwriters© in terms of cash or cash equivalents. North American Title Insurance Co. maintains over $84 million* in cash or invested assets. This represents over 92 percent of the company’s assets and is characteristic of the most important attribute to title protection, namely, financial responsibility. *As of 12/31/2014.
Demotech, Inc. awarded NATIC a rating of: A' (A Prime) Unsurpassed. A.M Best rated B++ (Good). NATIC is headquartered in Miami, Fla. To learn more, visit http://www.natic.com
Chris Casa, North American Title Insurance Co., http://www.natic.com/, +1 (440) 891-6820, [email protected]
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