[1]First American Title Insurance Company [2], a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation [2] has launched its TILA-RESPA Integrated Disclosure [3] (TRID) Tool Kit for First American-affiliated title agents. The company also offers its title agents a comprehensive suite of TRID training and reference materials.
The TRID Tool Kit will be available on First American’s agent portal, AgentNet [4], according to company. The Tool Kit is designed to help agents prepare for TRID implementation that will go in effect on August Agents are expected to follow a three-step program—assess, act, and grow—when using the program. These steps are presented through a series of recommended activities designed to help agents reach goals that are necessary for the TRID changes.
“Title agents need to dramatically adjust the way they work with lenders and their business sources under TRID, all while continuing to service their customers,” said Evan Zanic, president of First American Title, Agency Division. “We’re focused on assisting our agents through the TRID preparation process. We think the tool kit can help them more efficiently prepare for TRID, giving them more time to spend with their customers.”
According to the company, the TRID Tool Kit offers suggestions on topics that title agents should discuss with their lenders, and includes specific questions to ask and guidelines on when to ask them. The Tool Kit will be updated regularly to provide a helpful and evolving resource for title agents as the TRID deadline approaches.
“Title agents that embrace the transition to TRID can build stronger relationships with their business sources and potentially enhance their position in the market,” said Lou Pontani, vice president of sales and marketing at First American Title, Agency Division. “Our TRID Tool Kit is one way we’re trying to help First American agents position themselves for growth.”