Mortgage

HereÕ everything you need to know about TRID from JPMorgan Chase

Provides FAQ on TRID and all that it entails

In all corners of housing and mortgage finance, companies are still adjusting to the new normal, after the October implementation of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosures rule shook up the industry.

Lenders, investors, title companies, Realtors, real estate agents and everyone else in between are still getting used to the post-TRID world.

In an effort to help the industry deal with TRID, JPMorgan Chase put out a “frequently asked questions” about TRID, all that it entails, and how Chase is dealing with it.

Included in the seven-page FAQ are questions such as “Will there be any changes to the current lock procedures?”, “Will Chase accept electronic signatures in compliance of the E-Sign Act as confirmation?”, and “Will Chase grant exceptions to the TRID disclosure timing requirements?”

Click here to read Chase’s thorough FAQ about TRID.

(h/t Rob Chrisman)

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