Your TRID Compliance Checklist Starts Here With LoanLogics.
The following resources can be used by your staff as valuable reference and guidance on TRID requirements.
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CFPB’s detailed summary of TRID changes.
TRID 2.0 updates...
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Initial disclosure must be provided within 3 business days after
the Lender's receipt of an application; and at least 7
business days prior to loan consummation. When mailed, it is considered as received by the consumer 3 business
days after the mailing (may count the day it is mailed).
The Compliance Audit interface within the LoanHD® platform can assist you in sharpening your focus on TRID compliance and defect trends. Findings can then be addressed through action plans that might incorporate internal communication, training and documentation of your TRID policies and procedures.
The following are highlights of TRID audit capabilities within the platform: