There and Back Again: a TRID Story
In an ever-changing regulatory environment, it can be hard to juggle compliance with all the applicable regulations to your financial institution. One that goes overlooked well too often is TILA-RESPA Integrated Disclosures (TRID).
Designed to give consumers a clear and concise picture of the costs involved in a mortgage, TRID requires institutions to know as much as possible about the actual closing costs of a mortgage through all stages of the loan process, then disclose those costs to the borrower accurately.
Watch this on-demand webcast as Doeren Mayhew’s compliance pro Lyle Kolosik guides you through the ins and outs of TRID. Walk away with a clear understanding of how to remain compliant, best practices to avoid violation penalties and much more.