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.
Read More »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.
Read More »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.
Read More »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.
Read More »Data Shows Lenders are Adjusting Well to TRID
It has been more than a year since TRID went into effect, and over time, lenders have substantially reduced the number of TRID-related defects in loans.
Read More »How TRID and Tech Changed Third-Party Signings
Aaron King, founder and CEO of Snapdocs, discusses how technology has brought the third-party vendor management process up to date.
Read More »Lenders are Addressing TRID-Related Defects
TRID-related defects were trending upward in the first quarter, but that appears to be reversing, according to one analysis.
Read More »Appraisal Turn Times Rise, but TRID is Innocent
Appraisals have become lengthier and costlier since TRID went into effect in October 2015. But a survey of lenders showed that TRID is not to blame.
Read More »Looking Back, and Ahead, at TRID
Bob Dougherty, VP of Business Development with CalyxSoftware, looks back at TRID's first year and discusses CFPB's proposed clarifications to the rule.
Read More »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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