The Consumer Finance Protection Bureau has created a separate web page on which it provides compliance guides, videos, and quick reference charts to assist financial institutions with the myriad of mortgage regulatory changes. Here is a link to the new web page: http://www.consumerfinance.gov/regulatory-implementation/
AffirmX customers receive Bench Reports that provide plain English interpretations of the new regulations along with a summary of the operational requirements. In addition, AffirmX can review test disclosures prepared by the financial institution in advance of the mandatory compliance dates.
