The implementation of the original Know Before You Owe, or TILA-RESPA Integrated Disclosure Rule (TRID), was incredibly disruptive for the industry. Finally, more than two years later, we have learned to adapt to TRID and to the technology and workflows that have grown up to support the new rules.
This free white paper discusses:
- A recap of the current impact and adoption of TRID 1.0
- What’s changed and why?
- The impact TRID 2.0 will have on the origination process
- The importance of doing an internal assessment of what went right and wrong during the implementation of TRID 1.0 and why now is the time to begin preparing for TRID 2.0
- What lenders should ask their loan origination system and compliance technology providers to ensure they are ready to comply with TRID 2.0