Dear Loan Associates,
Please be aware that the new RESPA rules regarding GFE and HUD settlement statements go into effect Jan 1st. These new guidelines are in effect for all mortgages as of this date. It is important that you follow these new changes. Lenders are offering training classes and webinars so that you can be fully informed. I encourage everyone to attend one of these training sessions by Jan 1st. Please see Sierra Pacific’s information below.
RESPA Training - New GFE
Major Changes coming in 2010!
Effective Jan. 1st, 2010
Do Not Get Caught Off Guard!
The following RESPA Training presentations have been posted to the Training Library at www.spm1.com
RESPA Training (step-by-step of the GFE form)
Pre GFE (General Info, significant changes, Delivery, Slim Pack Submissions, etc)
Post GFE (Miscellaneous information on RESPA)
CLICK HERE FOR SPM RESPA TRAINING
SPM encourages all brokers to take advantage of the training programs through their software vendors. The materials prepared online at www.spm1.com are for guidance only for loans submitted to SPM.
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