Norwell, MA (PRWEB) March 28, 2013
Miniter Group today responded to request from lenders across the country to provide an informative white paper titled "9 Steps to CFPB Compliance for Force-Placed Insurance" that details the steps required to implement CFPB compliant insurance tracking in a lender's loan servicing department.
According to Jim Gilpin, EVP of Business Development at Miniter Group, "Lenders who originate and service their own loans have requested that we break down the hundreds of pages of RESPA regulation around force-placed insurance. This research has led us to develop a 9 step approach that lenders need to implement to be compliant with the new CFPB RESPA requirements for force-placed insurance. We have published the information in this informative white paper."
To receive a copy of the white paper click here.
Miniter Group is a leading provider of collateral risk transfer solutions to the lending industry. Miniter Group provides insurance solutions to over 550 lenders in 45 states. In addition to our in-house software development, which created our Borrower-Centric Insurance Tracking Solution, other collateral risk transfer solutions include Vendor Single Interest Insurance, Lender Placed Insurance, Collateral Protection Insurance and Mortgage Impairment Insurance.
Miniter Group can be reached at 1-800-MINITER or miniter.com