There’s no denying that the TILA-RESPA Integrated Disclosure (or Know Before You Owe) rule (TRID) made its presence known long before it took effect on October 3, 2015. The rule required lenders to replace the Good Faith Estimate and the initial TIL disclosures with the Loan Estimate (LE), and the Final TIL disclosure and the HUD-1 Settlement Statement with the Closing Disclosure (CD). Now that TRID has been in effect since the fourth quarter of 2015, how has it actually impacted business? Are lenders, and the vendors supporting loan origination, operating in compliance? And what steps can and should be taken if they’re not?

Publisher: ComplianceEase
Date: March 2016

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