Those in the lending industry heaved a sigh of relief when the Consumer Financial Protection Bureau announced that TRID implementation would be put off by a couple of months. Lenders, who had been trying to digest what the changes would look like in their organizations, were preparing for change in August. With the quick ramp up, many lenders were already…
TRID
Being in the lending marketplace requires an awareness of all the regulatory rules and evolving information in the industry, and this summer is no exception. The most important issue on the mortgage landscape this summer is the TRID or the TILA-RESPA Integrated Disclosure. The basic purpose of this rule is to roll together four currently existing disclosures under one umbrella….