Pango Group Executives Educate Agents on CFPB Regulations

15 Jun Pango Group Executives Educate Agents on CFPB Regulations

Posted at 06:00h in CFPB, Company News by

Pango Group executives are offering compliance training sessions with real estate agents, lenders, and other escrow companies throughout Southern California. Scott Akerley, Jeff Russell, and Joe Curtis have launched this initiative to educate the real estate and lending community on the new regulations coming up. These sessions include topics such as:

  • What is CFPB and how does/will it affect the loan process
  • CLOSING DISCLOSURE (effective August 1)- How to prevent your closing from being delayed
  • Realtors, as the buyer and seller’s most trusted resource, how can you make sure the escrow companies you are working with, are protecting your client’s money and identity
  • How our industry can help protect consumer’s identity and non-public personal information (NPPI)

“We believe knowledge is power. The way we do business is drastically going to change on August 1st for all parties in a real estate transaction. Our goal is to help guide our clients through regulatory changes, so they can educate their buyers and sellers in an upcoming transaction,” says Pango Group, CEO, Scott Akerley.

As leaders in compliance, Pango Group was the first independent escrow company in California to complete the Statement on Standards for Attestation Engagement No. 16 (SSAE 16) SOC 1 & SOC 2 Type I audit. These audits are widely recognized and demonstrate their adequate controls on hosting and processing data that belongs to their customers.

Who is Pango Group?
Pango Group is a family of companies that together are the leading California-based escrow experts.  The Pango Group’s mission statement is “to provide exceptional service while enhancing the lives of the people, partners and communities it serves.”  For over two decades, our partners have prospered through frequent market fluctuations, legislative changes, shifting assessments, and increasing expectations from customers.

If you’re interested in learning more about CFPB compliance and new regulatory changes, please contact Kristin Hill at khill@pangogroup.com.