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Tag Archives: TRID

Do We Finally Have Clarity on TRID?

The industry has long called for clarification of the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Disclosure rule—or TRID. Today, with the release of its “finalized updates,” the CFPB may have finally provided it. But what do the updates mean for the industry? And is this really the end of the You Before You Owe confusion? The answer probably won’t surprise you.

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Mortgage Cadence Introduces Collaboration Center

Earlier this month, Mortgage Cadence acquired BeesPath Inc.’s ClosingBridge platform, now branded as Collaboration Center. Currently the platform will be offered as a standalone product, but in the future will be fully incorporate into Mortgage Cadence’s platform.

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The Road Ahead

With an uncertain regulatory environment, new data requirements, and promising technological opportunities all intersecting, mortgage originators face a winding road as they navigate through 2017.

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CFPB: TRID, HMDA, and Servicing Rules Updates

In a recent report to Congress, the Consumer Financial Protection Bureau highlighted the steps it has taken to assist the industry with transitions for TRID as well as the updates to the Home Mortgage Disclosure Act and the new mortgage servicing rules.

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Now that TRID is One Year Old . . .

TRID passed its one-year anniversary on October 3. Michael Cremata, Senior Counsel and Director of Compliance with ClosingCorp, discussed with MReport what aspects of the rule have worked well and what aspects haven't.

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