I am pleased to announce that I have sold Culp QC, Inc., to Regulatory Solutions, LLC of Birmingham, Alabama, effective November 1, 2017.
The company will continue to reside in Owensboro, Kentucky and will operate under the name of Culp QC, a division of Regulatory Solutions, LLC.
more: A note from Bruce Culp on the sale of Culp QC
Regulatory Solutions LLC is pleased to announce that it has acquired the assets of Culp QC, Inc., a provider of quality control, post closing audit services to the mortgage industry. This transaction will significantly increase Regulatory Solutions’ business as well as its presence throughout the United States. Culp QC will continue to operate as a separate division of Regulatory Solutions under the Culp QC name with offices in Owensboro, Kentucky. Terms are undisclosed.
more: Regulatory Solutions Acquires Assets of Culp QC, Inc.
It has been widely reported that the TILA-RESPA Integrated Disclosure (TRID) requirements has lengthened the number of days it takes lenders to close loans. Now we have definitive evidence that TRID has also increased lenders’ Overall Net Defect Rates as well.
more: TRID Has Increased Our Clients’ Defect Rates