Why TRID is good for mortgage brokers

Aug 2, 2016, 09:04 AM by User Not Found
Nine months later and TRID continues to have the mortgage industry on its toes. Diverse interpretations and unclear guidelines have had many companies going through trial-and-errors to figure out the best processes that work for them following the CFPB’s integrated disclosure rule implemented last year. In fact, according to a recent MPA poll, 53% of respondents think TRID is a bad thing long-term, with only 23% of those surveyed believing that it’s a good thing long-term. Despite the mixed views and uncertainty of whether TRID will benefit the mortgage market as a whole, one company has stood out by embracing the change and working with the system to provide better service to clients.
Nine months later and TRID continues to have the mortgage industry on its toes. Diverse interpretations and unclear guidelines have had many companies going through trial-and-errors to figure out the best processes that work for them following the CFPB’s integrated disclosure rule implemented last year. In fact, according to a recent MPA poll, 53% of respondents think TRID is a bad thing long-term, with only 23% of those surveyed believing that it’s a good thing long-term. Despite the mixed views and uncertainty of whether TRID will benefit the mortgage market as a whole, one company has stood out by embracing the change and working with the system to provide better service to clients.   

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