Articles Tagged with ''TRID''

TRID works: More homebuyers actually review mortgage documents

ALTA survey shows new CFPB forms more likely to draw consumer attention
Despite the long lead time that the CFPB gave the industry to prepare for TRID, which is also known as "Know Before You Owe," there were still hiccups and headaches for the industry, but it appears after all the frustration and consternation, TRID is working as designed for consumers.
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Freddie Mac joins forces with Ellie Mae to streamline the mortgage process

Brings next-level automation to mortgages
Freddie Mac made a huge announcement this morning at Mortgage Bankers Association's Secondary convention in New York City. Freddie Mac unveiled that it is integrating Loan Product Advisor into Ellie Mae's Encompass LOS this summer in conjunction with its rollout of Loan Advisor Suite. Click the headline to get the latest news.
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5 keys to ensure security and compliance with modern mortgages

Holding complaints at bay keeps the CFPB away
In a world with increasingly sophisticated cyberattacks and stricter mortgage guidelines, modern technology is the answer for risk mitigation. Here’s how mortgage settlement service providers and their lenders can guarantee security and benefit from turn-key compliance.
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TRID trouble? CFPB tools give exclusive advice, tips

Here's how to successfully navigate TRID
Regardless of how many preventative programs, meetings and discussions a company has surrounding TRID, it can’t trump the tools the Consumer Financial Protection Bureau, the enforcer of TRID, is giving out. Want some advice? These tools are what you need for TRID.
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CFPB: Changes to TRID coming soon

Bureau responds to industry trade group concerns
Top industry groups banded together to get the CFPB to reopen talk around the rule, and it worked. The CFPB started drafting a Notice of Proposed Rulemaking on the Know Before You Owe rule. And it's probably coming faster than you think.
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Here's how to best spend your money under TRID

What matters more: Closing time or communication?
In a slow growth market, where margins are being pressured from many corners (including, but certainly not limited to, TRID-related production costs), borrower satisfaction can be a key differentiator. So how do you ensure borrower satisfaction?
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Is TRID hysteria over? Time to close drops to 12-month low

Looks like lenders finally figured this thing out
Well, more than six months have passed since the implementation of the Consumer Financial Protection Bureau’s TRID rule. And it appears that, despite the initial hiccups and headaches, lenders finally have a handle on this whole TRID thing.
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