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…
TRID
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…
Anyone in the mortgage lending industry should be aware of the upcoming requirements with TRID implementation. Staying compliant with government rules can be complicated, but read on to learn more about the specific transactions that are covered by these new notification rules. Make sure that your company is prepared to comply with these requirements sooner rather than later; taking a…