SAN DIEGO – Ellie Mae President/CEO Jonathan Corr, pictured at left, sat down with CU Times during the Mortgage Bankers Association Annual Conference. The leader of the Pleasanton, Calif., software firm discussed TILA/RESPA, compliance costs and what Ellie Mae has planned beyond Dodd-Frank.
CU Times: Is Ellie Mae TILA/RESPA compliant?
Corr: We are comprehensively compliant; but for us, it's very broad and goes beyond a couple of little things like forms. It's forms, calculations, work flows; fundamentally, we changed the world. In order of magnitude, it's been the biggest thing in 40 years. I think it's easier for consumers, no question, which is great. You've got one set of upfront disclosures, one set of back end disclosures. There are incentives to drive everything electronically. There is much more clarity for consumers.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
