The TILA-RESPA regulations are
The following resources can be used by your staff as valuable reference and guidance on TRID requirements.
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 new TILA-RESPA regulations are upon us and we have updated our Compliance Audit interface within the LoanHD® platform to support the new TRID requirements effective for applications received on or after October 3, 2015. These tools will assist you in sharpening your focus on the internal communication, training and documentation processes required to meet the challenges of the new regulations.
The following are highlights of this update:
In addition to these changes, LoanLogics has also updated the fee module and fee display screen within our LoanDecisions™ loan pricing platform to comply with disclosure changes.