On November 20, 2013, the Consumer Financial Protection Bureau (CFPB) issued its final rule to integrate the Real Estate Settlement Procedures Act (RESPA) and Truth in Lending Act (TILA) disclosures and regulations under the Know Before You Owe (KBYO) Mortgage Initiative.
XDOC gives lenders a secure solution to manage TILA-RESPA KBYO disclosure documents:
- Ability to pull key fields based on page position and label driven fields to compare documents
- Build validation rules and reports to check loan compliance
- Search capability to find key words quickly