TRID, vendor readiness and innovation
The technological arms race for TRID could provide the originators and servicers of the mortgage industry with more innovation that will come from vendors refreshing their technologies.
Most lenders are still unprepared for TRID
With only a few months left until implementation, a recent survey of mortgage executives shows very few are fully prepared for the regulation’s changes.
TRID: Should the industry get a grace period?
Recently, there has been speculation that a grace period may be given to the industry for the implementation of the TILA-RESPA Integrated Disclosure rules. Even though the industry has had nearly two years to make these adjustments, should we still get a grace period?