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10/20/15 Update: Compliance Module with TRID Integrated
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It's been a bit of a rough go, but TRID, or Know Before You Owe, is clicking along with all of the regular concerns. We expect to issue a number of supplemental clarity updates as the CFPB issues opinions. See below for a list of items remaining to be clarified. If you think you have missed an update, check the updates and downloads page.
Updated Compliance Manual Download
Click here to download
TRID Items Still Unresolved
- TIP Disclosure explanation - Interest v. Finance Charge
- Lender Paid Costs need to be itemized/Don't need to be itemized
- Real Estate Taxes and Insurance calculations on Construction Loans
- Itemization of Title Insurance
- Whether lenders can accept brokers' LE
- Listed Providers accepting liability for transactions
- Tool Kit misinforms on shopping v. locking
If you want to get updates in real time, as well as provide a professional platform for your staff to access all of your internal resources, visit our Treasury Mortgage's Intranet - our compliance manager beta site!
Regards,
Thomas Morgan
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