All U.S. mortgage providers are required to make changes to the mortgage process and paperwork that consumers receive. This is in accordance with the new mortgage requirements implemented by the Consumer Federal Protection Bureau effective October 3, 2015. BECU supports these efforts to help consumers better understand their financial options and promotes financial wellness.
Watch the video below for details on what is changing and the benefits to consumers. Also, get more details on the new mortgage requirement changes and benefits to consumers by visiting our Loans & Mortgage News page.