There are many corporate relocation costs to consider before a group move. Typically, easily quantifiable, up-front corporate relocation expenses are foremost in the minds of management and HR staff. Rarely is the cost of losing key talent considered. Find out everything you need to know for an effective, low-stress relocation in our Low-Stress Relocation Guide. Here are just a few of the added
On October 3rd, the new TILA-RESPA Integrated Disclosure (TRID) Rule established by the Consumer Financial Protection Bureau (CFPB) went into effect. The new regulation established new disclosure requirements and forms for most closed-end consumer transactions. Just four days later, the House of Representatives voted to pass the Homebuyers Assistance Act. The Act is a bipartisan bill that
Whether a homeowner or renter, current senior executive or lower-level new hire, all relocating employees can use their employer’s help in finding a new residence. Competitive, effective corporate relocation policies include home-finding assistance services in some form or another. All are helpful to your transferees. In addition to the obvious monetary benefits, providing home-finding assistance
There's a lot to think about if your company is considering changing to a lump-sum employee relocation package rather than reimbursing moving expenses for relocating employees. Here are a few factors you may not have considered. Employee satisfaction may be lower when employees are left to manage their own funds, as with a lump-sum relocation package. Employees hoping to save money (and pocket
Last week, we discussed the first new document implemented by the Consumer Financial Protection Bureau (CFPB), the Loan Estimate, and how it will affect the residential mortgage industry. Today we will review the second document included in the upcoming regulatory framework known as TRID (TILA-RESPA Integrated Disclosure), the Closing Disclosure (CD). The current HUD-1 document will be replaced
On October 3rd, the Consumer Financial Protection Bureau (CFPB) will implement new regulations, changing the residential mortgage industry as we currently know it. The CFPB has established new disclosure requirements and forms for most closed-end consumer transactions. The upcoming regulatory framework known as TRID (TILA-RESPA Integrated Disclosure) will combine several forms into two forms, the
The Consumer Financial Protection Bureau (CFPB) is scheduled to usher in a new era in the residential mortgage industry on October 3, 2015 with a new regulatory framework known as TRID (TILA-RESPA Integrated Disclosure). (Editor's note: an earlier verison of this article stated the original implementation date, which was August 1st. The CFPB announced the implementation delay on July 21st. Read
Are you trying to attract the right executives to your company? If so, you may want to look at the relocation packages your company offers. This video discusses why your company should use specialized relocation packages to attract the right employees.
What is a Buyer Value Option? What are its benefits? BVO (Buyer Value Option) is a program designed to aid a transferring employee in the quick sale of their home, with no obligation to pay real estate commission or closing costs. There are many benefits to choosing the BVO option, as a transferring employee will want a quick and easy sale of their current home and the employer will want their
Thinking about revamping your executive relocation policy? Watch our short video to get ideas on how to customize your relocation package.