Most of the quality-control issues experienced by home lenders last year were tied to disclosures implemented by the Consumer Financial Protection Bureau.

Combined mortgage disclosures required by the Truth in Lending Act and the Real Estate Settlement Procedures Act went live in October 2015.

The TILA-RESPA integrated disclosures replaced the Good Faith Estimate with a Loan Estimate and the HUD-1 Settlement Statement with a Closing Disclosure.

Source: Mortgage Daily