Lenders all over the country are preparing for the implementation of TRID this week. While compliance with the new disclosure requirements is important, you also need to be ready to deliver electronic evidence of your compliance in the event that the Consumer Finance Protection Bureau visits your offices. Fines for noncompliance could be hefty, and missing evidence might leave the…
September 2015
The time for TRID implementation is coming quite quickly, and many in the industry are curious about how this will influence their business. TRID implementation has outcomes not just for those involved in sending out the disclosures but also for consumers and other stakeholders in the industry as well. Lenders in the correspondent and wholesale business are getting ready to…
The implementation date for TRID is just around the corner, many real estate businesses are wondering just how the change will impact their processing. The goal of the changes for the Integrated Closures now to be used in home purchases is to make them easily understandable, but it won’t surprise any real estate business owners that these changes are going…