[et_pb_section admin_label=”Section” fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#6f3ca3″ allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”on” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding=”30px||30px|”][et_pb_row admin_label=”Row”][et_pb_column type=”4_4″][et_pb_text admin_label=”CFPB Guidelines” background_layout=”dark” text_orientation=”center” text_font=”|on|||” text_font_size=”45″ text_line_height=”1.5em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size_phone=”35″ text_font_size_last_edited=”on|desktop”]<\/p>\n
CFPB Guidelines<\/p>\n
[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section admin_label=”section” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” custom_padding=”20px||5px|” padding_mobile=”on” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off”][et_pb_row admin_label=”row” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” use_custom_gutter=”on” gutter_width=”2″ padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” parallax_2=”off” parallax_method_2=”off” column_padding_mobile=”on”][et_pb_column type=”2_3″][et_pb_text admin_label=”Mellex Title\u2019s Commitment To Complying With CFPB Rules and Guidelines” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nMellex Title is committed to providing the best service possible to the consumer and our partners. We continue to review our internal policies and procedures to ensure full compliance with the Consumer Financial Protection Bureau\u2019s Rules and Guidelines. We are taking the necessary steps to ensure that your information is secure during the closing process. Encrypted transmissions when sending or receiving information from our partners to ensure the highest protection possible.\n<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Mellex Title\u2019s Commitment To Complying With CFPB Rules and Guidelines” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nBefore CFPB was established, seven different Federal agencies were responsible for various aspects of consumer financial protection. Rulemaking, supervision, and enforcement authorities were divided across these agencies. No single agency had effective tools to set the rules or oversee the whole market.\n<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Mellex Title\u2019s Commitment To Complying With CFPB Rules and Guidelines” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nThe Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (\u201cDodd-Frank Act\u201d) created the CFPB on the premise that a focused, accountable agency should be responsible for consumer financial protection. Congress vested the CFPB with authority under more than a dozen consumer protection laws to write rules, supervise financial services companies, and enforce the law. The CFPB is the nation\u2019s first Federal agency focused solely on consumer financial protection. It started operating in July 2011.\n<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Mellex Title\u2019s Commitment To Complying With CFPB Rules and Guidelines” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nOn October 3, 2015, the Consumer Financial Protection Bureau\u2019s mortgage disclosure rule \u2013 enacted to make it easier for consumers to shop for mortgages and protect them from costly surprises at their closing by integrating consumer disclosures \u2013 went into effect. We\u2019re taking the changes brought about by the rule as an opportunity to provide better transparency and service to all parties involved in the real estate transaction.\n<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Mellex Title\u2019s Commitment To Complying With CFPB Rules and Guidelines” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nIn response to the ever-changing regulatory environment, the American Land Title Association (ALTA) published a new set of title agent \u201cbest practices,\u201d arming its members with uniform standards to protect consumers, promote quality service, provide for ongoing employee training, and meet legal and market requirements.\n<\/p>\n
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\nThree ALTA pillars of best practices include as follows:\n<\/p>\n
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\nWhile compliance with these best practices is voluntary, underwriters and title agents who adhere to these high standards demonstrate to consumers that the industry is improving its professionalism. Many responsible title insurance agencies already maintain these kinds of best practices. Nevertheless, the adoption of enhanced best practices, coupled with responsible government oversight, is certainly healthy for both insurers and consumers alike.\n<\/p>\n
[\/et_pb_text][et_pb_text admin_label=”Title Agents Must Comply” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_line_height=”1.8em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” header_text_color=”#6f3ca3″]<\/p>\n
\nThese new best practices will have big implications for the title industry going forward. Settlement service providers are developing new methods to improve and standardize their practices, ensuring quality and consistency that result in a positive customer experience. Striving to improve the customer experience and promoting regulatory compliance is a win-win all around.\n<\/p>\n
\nThe CFPB\u2019s bulletin says service providers shouldn\u2019t present unwanted risks to consumers. Steps that service providers need to take include maintaining their proper licensing, making sure escrow accounts are properly controlled and making sure that non-public information, which for title companies could include the loan number or social security number of someone receiving a home loan, stays securely private.\n<\/p>\n
\nUnder the law, even if a title company unintentionally acts outside the complicated law, as reform advocates say several are doing now, the bank holding the mortgage could be penalized.\n<\/p>\n
\nWith the new rules going into effect in next year, banks are now applying extra scrutiny to the title companies they work with and discarding the ones that don\u2019t meet the rigorous compliance standards. Title companies are under tremendous pressure to make sure they\u2019re following the rules. Major banks, including JP Morgan Chase, Wells Fargo and Bank of America, have been scrambling to review the third-party vendors they use.\n<\/p>\n
\nAdditional expenses that title companies are expected to bear include the hiring of compliance attorneys and audit staff and the purchase of tracking software to make sure data aligns with new federal reporting requirements and with the information banks have on file. The American Land Title Association, the leading national association for the title industry, has released a best practices study to help its members prepare for the changes. The study is a good resource for title companies as they seek to comply with federal regulations and keep their relationships with mortgage lenders.\n<\/p>\n
\nMore information on Alta Best Practices click HERE<\/a>\n<\/p>\n \nMore information regarding the Consumer Financial Protection Bureau click HERE<\/a>\n<\/p>\n \nClick on the video below to learn more about the CFPB\u2019s rules and guidelines that have been put into to place to protect the consumer during the process of applying for and obtaining a loan for a new home.\n<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_3″][et_pb_sidebar admin_label=”Sidebar” orientation=”right” area=”sidebar-1″ background_layout=”light” remove_border=”off”]<\/p>\n [\/et_pb_sidebar][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section admin_label=”Section” fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” custom_padding=”30px|0px|30px|0px” padding_mobile=”on” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off”][et_pb_row admin_label=”Row” make_fullwidth=”on” use_custom_width=”off” width_unit=”on” use_custom_gutter=”off” padding_mobile=”off” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”off” parallax_1=”off” parallax_method_1=”off” column_padding_mobile=”on”][et_pb_column type=”4_4″][et_pb_text admin_label=”OUR PARTNERS” background_layout=”light” text_orientation=”center” text_font_size=”40″ text_font_size_phone=”30″ text_font_size_last_edited=”on|desktop” text_line_height=”1.5em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_text_color=”#222222″]<\/p>\n OUR PARTNERS<\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Row”][et_pb_column type=”1_4″][et_pb_image admin_label=”Image” src=”https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-content\/uploads\/sites\/148\/2016\/08\/logo1.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”off” sticky=”off” align=”center” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n [\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″][et_pb_image admin_label=”Image” src=”https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-content\/uploads\/sites\/148\/2016\/08\/logo2.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”off” sticky=”off” align=”center” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n [\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″][et_pb_image admin_label=”Image” src=”https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-content\/uploads\/sites\/148\/2016\/08\/logo1.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”off” sticky=”off” align=”center” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n [\/et_pb_image][\/et_pb_column][et_pb_column type=”1_4″][et_pb_image admin_label=”Image” src=”https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-content\/uploads\/sites\/148\/2016\/08\/logo2.png” show_in_lightbox=”off” url_new_window=”off” use_overlay=”off” animation=”off” sticky=”off” align=”center” force_fullwidth=”off” always_center_on_mobile=”on” use_border_color=”off” border_color=”#ffffff” border_style=”solid”]<\/p>\n [\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Row” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” use_custom_gutter=”on” gutter_width=”2″ padding_mobile=”on” allow_player_pause=”off” parallax=”off” parallax_method=”off” make_equal=”on” parallax_1=”off” parallax_method_1=”off” background_color_1=”#ffffff” parallax_2=”off” parallax_method_2=”off” background_color_2=”#ffffff” padding_left_2=”30px” column_padding_mobile=”on” padding_top_2=”30px” padding_bottom_2=”30px”][et_pb_column type=”2_3″][et_pb_map admin_label=”Map” address_lat=”26.108933″ address_lng=”-80.26018420000003″ mouse_wheel=”on” use_grayscale_filter=”off” grayscale_filter_amount=”35″ address=”950 S Pine Island Rd a150, Plantation, FL 33324, USA” mobile_dragging=”on”]<\/p>\n [et_pb_map_pin pin_address=”950 S Pine Island Rd a150, Plantation, FL 33324, USA” pin_address_lat=”26.108933″ pin_address_lng=”-80.26018420000003″ title=”950 South Pine Island Road Suite A150 Plantation, Florida 333247″]<\/p>\n [\/et_pb_map_pin]<\/p>\n [\/et_pb_map][\/et_pb_column][et_pb_column type=”1_3″][et_pb_text admin_label=”GET IN TOUCH” background_layout=”light” text_orientation=”left” text_font_size=”16″ text_font_size_last_edited=”on|desktop” text_line_height=”1.5em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font=”|||on|” text_text_color=”#6f3ca3″]<\/p>\n 2 S. University Drive Suite 304 Mon-Fri:<\/strong> 8:30 AM – 5:00 PM [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" [et_pb_section admin_label=”Section” fullwidth=”off” specialty=”off” transparent_background=”off” background_color=”#6f3ca3″ allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” padding_mobile=”on” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off” custom_padding=”30px||30px|”][et_pb_row admin_label=”Row”][et_pb_column type=”4_4″][et_pb_text admin_label=”CFPB Guidelines” background_layout=”dark” text_orientation=”center” text_font=”|on|||” text_font_size=”45″ text_line_height=”1.5em” use_border_color=”off” border_color=”#ffffff” border_style=”solid” text_font_size_phone=”35″ text_font_size_last_edited=”on|desktop”] CFPB Guidelines [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section admin_label=”section” transparent_background=”off” background_color=”#ffffff” allow_player_pause=”off” inner_shadow=”off” parallax=”off” parallax_method=”off” custom_padding=”20px||5px|” padding_mobile=”on” make_fullwidth=”off” use_custom_width=”off” width_unit=”on” make_equal=”off” use_custom_gutter=”off”][et_pb_row admin_label=”row” make_fullwidth=”off” use_custom_width=”off” width_unit=”off” use_custom_gutter=”on” gutter_width=”2″ padding_mobile=”off” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":389,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/pages\/698"}],"collection":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/comments?post=698"}],"version-history":[{"count":12,"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/pages\/698\/revisions"}],"predecessor-version":[{"id":723,"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/pages\/698\/revisions\/723"}],"up":[{"embeddable":true,"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/pages\/389"}],"wp:attachment":[{"href":"https:\/\/secure.titlecompanywebdesign.com\/besttitleclosing\/wp-json\/wp\/v2\/media?parent=698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}GET IN TOUCH<\/strong><\/h3>\n
\nPlantation, Florida 33324
\nPhone: <\/strong>(954) 748-5550<\/a>
\nFax:<\/strong> (954) 320-4405 <\/a><\/p>\nOPEN HOURS<\/strong><\/h3>\n
\nWeekends:<\/strong> Closed<\/p>\n