Is the credit company doing enough to manage the breach and ensure no future security issues?
The embattled mortgage servicer has filed emergency motions against two state regulators, even as more states pile on with injunctions against it
Originators won’t know exactly how much more work will be required of them until the regulation passes, according to one leading industry player.
One originator is gung-ho about TRID and suggesting lenders should be embracing it and not shunning it.
A growing chorus of voices is calling for further delay in implementing TRID, but will the CFPB listen?
With one big bank announcing it will no longer offer one type of mortgage product – and several others expected to follow – small originators will have an opportunity to win some of that untapped business.
One software provider is encouraging mortgage lenders to acclimate to the new CFPB loan estimate and closing disclosures requirements now, having released a TRID-ready Point 9.2 solution ahead of the August 1 deadline.
The Consumer Financial Protection Bureau’s proposed delay will have no bearing on one company’s plans to be ready to meet the CFPB’s originally planned Aug. 1 due date to implement the TILA-RESPA Integrated Disclosure (TRID) rule.