CFPB Mortgage eClosing Pilot To Include ESRA Members 1

ESRA member organizations, DocMagic and eLynx, have been selected by the CFPB to participate in its upcoming Mortgage eClosing Pilot program to help the Bureau assess the benefits of electronic mortgage closings

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today announced the selection of participants for its mortgage eClosing pilot program. The three-month pilot will begin later this year, and will explore how the increased use of technology during the mortgage closing process could affect consumer understanding and engagement and save time and money for consumers, lenders, and other market participants.  Read more…

 

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