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Integration Delivers TRID-Compliant loan Estimate
Closing Corp, a provider of closing cost data and technology for the mortgage and real estate services industries, announced today that its Loan Estimate Module is now available through Empower, Black...
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With TRID Approaching, Are Your Appraisers Prepared?
The lending process’ evolution – not to mention the fast approaching TRID deadline – has caused many roles and the responsibility for mortgage professionals to adjust. While appraisers are certainly...
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The Non-Compliance Story
ComplianceEase, a provider of automated compliance solutions to the financial services industry, today released an analysis of compliance defects for closed loans and estimated that the cost of...
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Walzak Asks: REALLY!?
Today I was looking for some information on mortgage advisory groups just to see what’s out there. So I typed that group of words into my search engine and got nothing but real estate companies....
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From Compliance Comes Technology Opportunities
When it comes to rule integration efforts such as the TILA-RESPA Integrated Disclosures (TRID), the effort can sometimes feel thankless especially when the outcome—compliance— gets rolled into the...
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What A Difference Three Days Make
The TILA-RESPA Integrated Disclosure rule (TRID) is scheduled to take effect on October 3 after nearly two years of industry-wide hand-wringing. And, while the industry has had ample time to prepare...
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Proving That E-Collaboration Is The Future
Further proving that electronic collaboration is the future of mortgage lending, Country Bank, a Massachusetts-based mutual savings bank with over $1.4 billion in assets, has chosen Simplifile as its...
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TRID Education Continues
ComplianceEase will host a live, complimentary webinar titled, “Are You Ready to Pinpoint TRID Issues?” on Wednesday, September 23, 2015 from 11:00AM to 12:00PM Pacific Time. Here’s what will be...
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LOS Gets TRID Compliance Certification
Ellie Mae has received the industry’s first-ever MISMO Software Compliance Certification in the TRID (TILA-RESPA Integrated Disclosures) domain for Ellie Mae’s Encompass solution. Here’s what this...
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QC Vendor Launches TRID Enhancement
LoanLogics has released the enhancements to its Compliance Audit interface in support of the new TILA-RESPA (TRID) regulations that take affect October 3, 2015. The Compliance Audit interface is found...
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Appraisal Management Company Helps With TRID Compliance
Class Appraisal, an appraisal management company, announced today that in an effort to help the industry make the transition to the new processes required for compliance with the Consumer Financial...
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Now What? Be The First To Get The Compliance Scoop!
The Deadline for TRID just passed and the headlines are starting. First, we heard from the MBA that volume increased over 20% in anticipation as lenders looked to close as many loans as possible before...
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Life After TRID
TRID has been all consuming for the past two years now. Top executives gathered at the Fifth Annual ENGAGE Event to discuss what happens now. What will the mortgage industry be like now that TRID is a...
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TRID Is Not Over Just Yet
Don’t be mistaken, TRID is not over. In the coming weeks we’ll see TRID loans start to close and at that point we’ll truly know what the story is when it comes to how ready the industry was. Jason...
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The Early Verdict On TRID Compliance
Over the next 30 to 60 days we’ll start to see which vendors and lenders prepared well for TRID. Every lender has spent October adjusting to new workflows and document requirements mandated by the...
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Here’s How TRID Is Going So Far…
As the MBA Annual conference wraps up in San Diego, one statement came up time and again: “Come back to us in 45 to 60 days, and we’ll have an answer for you on how things are going with TRID.”...
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Turning To Technology To Handle TRID
First Community Mortgage Inc., a full-service retail, wholesale, and correspondent lender based in Murfreesboro, Tenn., has enlisted Simplifile and its collaboration services to aid them and their...
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In This (Finally) Post-TRID World, What Comes Next?
For over a year, it has been all TRID, all the time. As we pass the TILA RESPA Integrated Disclosures (“TRID”) implementation date, regardless of how prepared lenders are feeling, one thing is...
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Communication Matters
Many people in the mortgage industry are very upset with the CFPB and all the trouble that was caused in order to ensure TRID compliance. What’s done is done. Hopefully the industry can learn from this...
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Doing The TRID Shuffle
The TRID deadline has come and went and we are all still here. We saw a mad dash on the part of mortgage lenders and technology vendors alike to comply with this new rule. They all danced around, did a...
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The Crisis Is Over
According to the Security Management glossary, crisis management is the application of strategies designed to help an organization deal with a sudden and significant negative event. A crisis can occur...
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Our Compliance Journey
For the past two years we’ve all been talking about TRID compliance. Now that the deadline has come and gone, I think it’s instructive to discuss how technology vendors handled this big challenge. In...
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Going Beyond Technology To Ensure TRID Compliance
DocMagic, Inc. a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, today announced the development of an extensive set of new reps and warrants for its...
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We Are Not Through With TRID Yet
Banks are still struggling to comply with the Consumer Financial Protection Bureau’s 2015 TILA-RESPA Integrated Disclosure rule, or TRID, according to an American Bankers Association survey. The...
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We Don’t All Have The TRID Blues
Since the integrated mortgage disclosure rules went into effect last October, there has been a nearly daily deluge of horror stories in the mortgage media about lenders and real estate agents having...
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Will CFPB Rules and Mobile Technology Put an End to Mortgage Originators?
Every disruptive technology – and the regulatory framework that surrounds it – impacts entire industries with unexpected consequences. Two recent trends in the mortgage industry are combining to...
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A TRID Success Story
We talk a lot about TRID failures, so this time I wanted to switch things up and talk about a success story. In this case LendingQB, a provider of mortgage loan origination technology solutions,...
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Data Integration Streamlines TRID Compliance
eLynx has completed an integration with Landtech Data, a provider of systems used by real estate settlement services providers. Landtech Data is also noted for creating the first real estate...
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The Impact Of The CFPB
Progress In Lending The Place For Thought Leaders And Visionaries
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Lenders Find Collaboration Key To TRID
As the mortgage industry continues to respond to constantly changing rules and regulation, particularly the TILA-RESPA Integrated Disclosure rule requirements, one thing has become readily apparent —...
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Collaboration Is Key To TRID
As the mortgage industry continues to respond to constantly changing rules and regulation, particularly the TILA-RESPA Integrated Disclosure rule requirements, one thing has become readily apparent —...
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What Are The LOS Firms Up To?
Every LOS has been busy tackling TRID for some time now. Well, that threat is behind us. So, I started to think: What are the various LOS players up to now? Here’s what I found: First, Ellie Mae...
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TRID Relief Program Launches
CC Pace, a mortgage process and technology consulting firm has announced the launch of their “TRID Rapid Review” program. Created to address the challenges the industry is experiencing with meeting...
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Executive Spotlight: Ben Wu of LoanScoreCard
Ben Wu is executive director of LoanScoreCard, a leading provider of automated underwriting and compliance solutions and subsidiary of CalyxSoftware. Wu has more than 20 years of experience in the...
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Even Consumers Hate TRID
Most in our industry hate the new CFPB rules, and we are not alone because consumers don’t like it either. ClosingCorp, a provider of residential real estate closing cost data and technology for the...
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Post TRID Issues Persist
Many of the problems we have seen with TRID have been a result of the disconnect between lenders and settlement agents. Lenders and settlement agents need to get on the same page. It is important to...
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TRID: Another Opportunity Missed
I was amazed but not surprised when I read the results from the 2016 American Bankers Association TRID Survey. It was conducted between February1st and February 17th, 2016. The survey of 548...
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LOS Implementations Can Be Quick And Easy
Open Mortgage, a nationwide mortgage lender, and partners LendingQB and International Document Services (IDS), Inc. successfully implemented a TRID-compliant Loan Origination System (LOS) in just 50...
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Speed Up Closings In A Post-TRID World
Capsilon has released a free white paper, “The New Paradigm for Mortgage Loan Closing,” which discusses the effect that TRID has had on the mortgage closing process and provides advice to lenders on...
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Not Everyone Had Trouble With TRID
Fidelity Bank is a lender on the move. Started in 1905 as a small mortgage company in Wichita, Kansas, it is now a full service bank with branches throughout Kansas and Oklahoma, and which processes...
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Closing Problems Lenders Can’t Control
It has been nine months since the TRID disclosure requirements were activated. During that time period the industry has had the opportunity to resolve issues such as the potential for delays in loan...
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The CFPB Has To Listen As Well
There is a lot of pressure on the industry to adhere to the policies of the CFPB. But what happens when those policies aren’t clear? Guess what, in this case, the CFPB should listen to the industry....
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Here’s How Lenders Feel About TRID:
Progress In Lending The Place For Thought Leaders And Visionaries
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Grading The CFPB
Many in the industry have rebuked the work done by the Consumer Financial protection Bureau, but their work is certainly needed. The best case of the CFPB’s successes and failures can be seen in their...
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Compliance In A Post TRID World
The regulatory environment for today’s mortgage lender has become exceedingly complex. Compliance becomes more difficult each day, as a cascade of new disclosure and lending requirements are imposed...
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Vendor Attributes Revenue Growth To TRID
DocMagic, Inc. reported a 42 percent increase in revenue for 2016. The company credits its growth to the mortgage industry’s demand for products that enable TRID compliance, eSignatures and eClosings....
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Ernst: Historic Number Of County Recorder Fee Changes
Ernst, a provider of technology and closing cost data for the real estate and home finance industries for the past 28 years, reported that the company was seeing vastly more fee changes for recording...
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Finally Getting It Right
The CFPB’s announcement that it had finalized the long-awaited amendments to TRID, initially proposed in July 2016 and commonly referred to as “TRID 2.0,” was a welcome surprise. The industry had been...
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TRID 2.0: Now What?
Over a year in the making, TRID 2.0 was finally released on July 7, 2017. With an effective date 60 days after the final rule is published in the Federal Register, and a mandatory compliance deadline...
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Now What?
Over a year in the making, TRID 2.0 was finally released on July 7, 2017. With an effective date 60 days after the final rule is published in the Federal Register, and a mandatory compliance deadline...
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