How Mortgage Software Technology Solutions Assist Clients with TRID?


Mortgage servicing and loan origination systems can assist clients by incorporating TRID (TILA-RESPA Integrated Disclosures) for originating, processing, and closing loans. What is TILA RESPA Integrated Disclosure (TRID)? TILA (Truth in Lending Act, 1968) and RESPA (Real Estate Settlement Procedures Act, 1974) have been integrated to help consumers understand the risks, costs and other details in real estate transactions implemented by the CFPB (Consumer Finance Protection Bureau). TRID compliance is deeply important for customers, but can be quite challenging and complicated for lenders. Nevertheless, it is absolutely achievable by using…

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