AllRegs State Compliance

Related Topics/Products: foreclosure, mortgage compliance, mortgage underwriting, Single-Family Lending

We know. State laws and regulations are constantly changing, and you need to make compliance decisions and resolve issues that affect your business.

The AllRegs State Compliance Package is a comprehensive source of laws, regulations, plain-language analyses and disclosures for every jurisdiction. It keeps you informed and delivers the information you need. Take the worry out of keeping up with the endless changes and legislative mayhem. The State Compliance Package offers powerful search features that allow you to target specific states and locate compliance topics quickly. It’s an easy and convenient way to stay up to date on state laws and regulations and what they mean to your business.

State Compliance now features:

At a fraction of the cost of comparable products, AllRegs State Compliance Package delivers more. It includes state-by-state plain-language analyses and interpretive summaries for origination through servicing of first and second mortgages and home equity lines of credit for both lender and broker issues. This solution offers links directly to supporting statutes and regulations, references to federal pre-emptions, continuous updates with email notification, and state specific disclosures and other forms.

Accurately maintained and easily accessible with a variety of easy-to-use features, you’re assured of fast, reliable answers. The powerful search feature has been enhanced by years of experience and user feedback. You can insert personal annotations that remain private or put in public notes that everyone in your firm can see. The Forms Tab provides access to a comprehensive library of mortgage-related forms, including state-specific disclosures.

Ensure that your loan file is complete and compliant by using our new State Mortgage Compliance Checklists, State Required Document Matrices and Permissible Fee Matrices, available for every state to which you subscribe. Print these documents, insert them in front of every loan file and use them to be sure your file is compliant! These loan guidance checklists and matrices will be indispensable to your business.

Need to know Disclosure requirements for California? Have a question about Continuing Education in Alabama? With Quick Answer, you can quickly search for the fast reliable answers you need on over 100 different state compliance topics, such as requirements for licensing, fees, predatory lending and more. Through your Quick Answer results you can easily navigate to the related Commentary and actual Statutes.

Benefits

This toolset is designed to save you time and trouble by bringing all you need for state compliance directly to your desktop. You'll benefit from:

• State-by-state plain-language analyses and interpretive summaries
• Coverage of origination through servicing of first and second mortgages and home equity lines of credit for both lender and broker issues
• Direct links to supporting statutes and regulations, with references to federal pre-emptions
• Specific state-required application disclosures and other forms provided for your reference
• State Mortgage Compliance Checklist, for the following process phases:
  • Application Disclosures
  • Loan Decision Notices
  • Closing Disclosures
  • High Cost Loan Disclosures
• State Required Document Matrices, for the following milestones:
  • Time of Application
  • Within 3 Days
  • Decision
  • Closing
• Permissible Fees Matrices, identifying:
  • Permissible Lender Fees
  • Permissible Broker Fees
  • Maximum Allowable Fee Indicated
  • APR Inclusion
• Continuously updated with instant email notification
• Quick Answer search feature

For Originators – Find everything you need to know to do business within the state - the requirements for licenses, education and fees, as well as any restrictions regarding advertising, specific transactions, fees, interest rates, etc. Use our Mortgage Compliance Checklists, Required Document Matrices and Permissible Fees Matrices to make sure your loan file is complete and compliant.

For Servicers – Obtain the specific requirements of each state regarding escrow accounts, statements, payoffs, lien releases and steps in the foreclosure process.

For Closers and Post-Closers – Learn Wet Settlement requirements you need to be aware of, as well as information on correct property documentation and signatory requirements to insure a perfected lien. Find out whether it’s necessary for the borrowers to insure their home and for what amount.

For Compliance Officers – When auditing a file you must consider a variety of topics and areas of concern. Each state is organized with an identical table of contents to assist the user with quickly finding information on any state in the same location. Use our Mortgage Compliance Checklists, Required Document Matrices and Permissible Fees Matrices when reviewing loan files for compliance.

Subscription Details and Pricing

Subscriptions are based on site-wide licensing. All users at one company site have access to the State Compliance Package. The annual subscription rate for one state for one location is $350, with subscription discounts for multiple states.

Online purchases are not eligible for multiple site subscription discounting or pro-rating; call your Regional Account Executive for more information about these offers.

Additional Resources

Report Builder
Printed Literature (PDF)
System Requirements
Cancellation/Refund Policy (PDF)