Items Tagged with 'Cost of compliance'

ARTICLES

  • 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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  • It's official: TRID kills mortgage profits

    Total production expenses surge to $7,747 per loan
    A recent report from the MBA revealed the implementation of the CFPB's TILA-RESPA Integrated Disclosures rule in October wiped out most of the money to be made in the mortgage industry. How bad is it? Are you sitting down? Average mortgage profits collapsed more than 50% based on skyrocketing production expenses.
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