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10/22/15 (Corrected Link) 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. (Password - customer2012)
Updated Compliance Manual Download
Click here to download
or paste this link in your browser https://mortgagemanuals.sharefile.com/d-s827c7a3cf1e411f9
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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