August Changes – TRID

Big scary changes coming in August 2015 to the real estate industry – NOT! – What is TRID?

Did you hear? TILA RESPA Integrated Disclosure Rule or TRID will be here August 2015. There are some different in’s and outs to the rule but the jist of it is that disclosure of figures has to be done 3 days prior to closing. I’ve heard lots of rumblings that closings are going to be delayed in the industry. Good news our compliance team has been working hard to ensure we are prepared. With the systems we have in place borrowers will be provided with disclosures well in advance to prevent any delay in closing. Check out these videos for more information.