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All posts by Rajat Kaura

TRID Compliance for Mortgage Industry and its Repercussions

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Date : September 16, 2015

The (TRID Compliance) TILA-RESPA Integrated Disclosure rule consolidates four existing disclosures required under TILA and RESPA for closed-end credit transactions secured by real property into two forms: a Loan Estimate that must be delivered or placed in the mail no later than the third business day after receiving the consumer’s application, and a Closing Disclosure that must be provided to the consumer at least three business days prior to consummation (TILA-RESPA Integrated Disclosure rule). Continue Reading…