Trak Logix offers SAAS appraisal management software. This is software that is used as cloud technology so that you have the best of all worlds. One of the best points of this property appraisal software is the regulations updates. Because this is could technology you’ll never get caught out using outdated software. Updates to the regulations are a key aspect of the CFPB. Understanding the now foundational role of the CFPB is important in this field.
The CFPB is the Consumer Financial Protection Bureau is a relatively new regulatory agency of the federal government. It was July 21, 2011, in response to the 2008 real estate bubble implosion that nearly took down the global economy. It was created by the Dodd-Frank Wall Street Reform and Consumer Protection Act. This agency’s stated priorities are mortgages, credit cards and student loans.
One of the important things for Appraisal management companies is that there are nearly monthly adjustments to this act. There were 16 final rules issued by the CFPB in 2015 alone. How can you, as a lender, appraisal management company, appraiser firm and appraisers keep up with all these changes? Using Trak Logix SAAS software is the way to do keep up with the updates so that you never get caught out.
Our flexible, web-based valuation management software is easy to use and meets all your appraisal management company needs. Give your employees the best tools in the field with Trak Logix software. They can access the software from all devices and at any time.