Clearing the Path to TRID Compliance

February 15, 2017 Staff Writer

The Consumer Financial Protection Bureau’s TILA/RESPA Integrated Disclosure (TRID) was designed to provide more clarity to consumers, who have traditionally been underwhelmed with the process of closing a mortgage loan. A few have said that the new disclosures accomplish this, but others question it. Regardless of what the new rule did for consumers, its impact on the mortgage industry has been significant.

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