Big changes are coming in residential closing practice. Are you ready?

On October 1, 2015 the Consumer Financial Protection Board’s TILA/RESPA Integrated Disclosure Rule (TRID) will go into effect for new residential mortgage applications. A new settlement statement , changes in tolerances, disclosures and delivery timelines are all coming. Are you ready? Are you quoting set fees? Are you prepared for the questions that lenders will be asking in order to stay on their closings lists? . . . Read Full Article