Change in Settlement Agent Approval Process
Please be advised that on July 15, 2019, Fairway Wholesale Lending made a change to its due diligence performed for closing professionals. For this process, Fairway has retained Closepin, an independent third party risk evaluation firm to conduct due diligence reviews.
All closing professionals doing business with Fairway will need to be registered with Closepin. This applies to any individual or company that will be performing a closing on a Fairway loan.
For the protection of our clients and business partners, we must ensure that we conduct a risk evaluation of closing professionals in accordance with industry best practices and guidance imposed by the Consumer Financial Protection Bureau (CFPB).
Please contact your Regional Account Manager should you have any questions related to this Client Announcement.
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