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TRID FAQ
Thought I'd share this interesting post with all of you.
TRID FAQ
 
     With the TILA-Respa Integrated Disclosure (TRID, that famous acronym for an acronym) right around the corner, I'm anxious to get started with the new way of doing business.  I'm looking forward to the implementation of TRID because for one, it's a "finally, we're getting this over with" moment since the implementation has been so long in the making, and already delayed once.  Also, I know TRID is going to be an opportunity to build a ton of new relationships because many lenders, title agents, attorney offices, and other important players in a purchase transaction are going to be dropping the ball in the coming months.
 
 
     Just last week I saw more than one person either provide false information when it comes to TRID, or openly ask "Has anyone looked into this TRID thing?  Will it be a big deal?".  Um....YES.  It's very much a game changer.  Along the way, I've run into a lot of questions, and have been through several TRID training classes.  Here are some of the most common TRID-related questions I've seen come up, and their answers.
 
 
Do my ... more

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