AllRegs, a publisher of guidelines for the mortgage industry, has released several online product enhancements allowing subscribers to access analysis and commentary on federal legislation or view pending state or federal legislation.
In addition to searching the comprehensive online database consisting of thousands of pages of government and conventional single-family lending guidelines and forms, subscribers of the flagship Single-Family Lending Package can now access the following:
- plain-language analyses and interpretive summaries for major federal legislation dealing with the residential mortgage lending industry, with links directly to supporting statutes and regulations;
- continuous updates with e-mail notification; and
- federal disclosures and other forms.
A new feature within the State Compliance Package, Pending Legislation, features all pending state and federal bills, from pre-file to enacted status. The notification feature of Pending Legislation can be considered an early warning system for future changes in processes and procedures, according to AllRegs.
Bills are categorized and searchable by subjects, such as licensing, fraud, fees and more. Users will learn all of the details regarding the pending bill, including the bill number, category, title, date, status and summary. The status information will change as the bill changes, but the bill summary will remain the same. From each matrix, users can link out to the state legislature's Web site and view the bill's full text.
Source: AllRegs
