Navigating the new FinCEN reporting rule is one of the biggest challenges our industry faces. We brought in Ashley Patti, a FinCEN expert from ET Investments, to give you a clear, step-by-step look at their back-end reporting and compliance process.
In this deep dive, you'll gain a practical understanding of how to prepare your team for the upcoming December 1st deadline.
Key Takeaways:
Identify Your Expert: Learn why having a dedicated FinCEN expert on your team is the most critical first step.
Proactive Transaction Monitoring: See how ET Investments identifies and monitors every qualifying transaction from the moment the file is opened.
Best Practices for Data Collection: Understand the importance of collecting all required information before closing to avoid frustrating follow-up work.
Mechanics of Reporting: Get a behind-the-scenes look at the actual reporting process, including what documents you'll need and how they are submitted.
Ready to simplify your FinCEN data collection?
Ashley and her team have a proven process for capturing the critical information required for FinCEN compliance. At CloseSimple, we've built the tools to help you do the same. We specialize in getting buyers, sellers, and realtors to securely submit the information you need in a timely manner.
If you'd like to see how our platform can help you automate FinCEN data collection, please fill out the form below to schedule a brief consultation with our team.
Watch the full webinar replay above to get all the insights.