IDS Achieves Four out of Five TRID Milestones

As preparations continue across the industry for the impending August 1 TILA/RESPA Integrated Disclosures (TRID) deadline, International Document Services, Inc. (IDS) announced it has achieved four of its five major development milestones for TRID implementation.

“While many firms rushed their TRID solutions to market, IDS took a more measured approach to ensure our customers’ test and review period wasn’t hampered by development bugs and continuous updates,” said IDS CEO Mark Mackey. “Not only has IDS taken a thorough and methodical approach to implementation, we have also dedicated a significant portion of our TRID readiness activities to educating our customers on the changes they can expect.”

IDS began implementations for TRID in September 2014 and completed is first major development in mid-December. The most recent addition includes updates to the Fees section. According to Mackey, IDS has been testing its TRID changes so they are compatible with their customers’ other systems.

“Technology will be critical for lenders in meeting the new compliance demands TRID brings. While the accuracy and effectiveness of the TRID changes in idsDoc is certainly a top priority, it is equally as important to ensure the integrity of the integrations between idsDoc and our customers’ other line-of-business systems,” Mackey added.

Salt Lake City, Utah-based IDS is a nationwide provider of mortgage documents and compliance. Services include closing documents, initial disclosures and fulfillment.