ClosingLock introduces Fincen AML Compliance Tool

The solution is immediately available for all ClosingLock customers without extra costs. After an extension was announced on Tuesday, the new rule will be in force in March and will require title and settlement companies to collect information about certain non-financeed residential closures, which represent approximately one in 10 national transactions. Control provisions were previously […]

Housing industry is ‘particularly vulnerable’ for the effects of government closure

Industry leaders warn that unless the congress acts quickly to restore NFIP, buyers and sellers in flood -sensitive areas can have with canceled closures, higher costs of the money insurance or in some cases the loss of financing total. “Real estate transactions are especially vulnerable during a government closure and the stability of NFIP is […]