trid: Did the Loan Officer Just Suggest Mortgage Fraud? - 09/15/16 08:12 AM
Everyone knows that all interested party contributions need to be disclosed on the Closing Disclosure / Final Settlement Statement, right? 
CFPB and TRID / RESPA changes that took effect in October 2015 have both emphasized disclosure rules and placed  more responsibility on the shoulders of lenders to ensure compliance. This includes preparing the final settlement statement (Closing Disclosure / CD) and adhering to the 3-day waiting period that must completed before consummation (closing) can occur. 
Buyers depend on their Loan Officers to be professional, and to make sure that the lending piece doesn't become the weak link in the chain of events leading … (3 comments)