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)