CFPB Unveils TRID Resources Guide
Tuesday, September 20, 2016
The Consumer Financial Protection Bureau (CFPB) has compiled several resources to help title and settlement agents navigate changes the TILA-RESPA Integrated Disclosures (TRID) rule brought to the real estate transaction and closing process.
“Settlement professionals are integral to real estate transactions,” according to the CFPB. “They gather essential data, coordinate transfer of ownership, and orchestrate many of the events leading to the consummation of a loan. This guide was designed to help settlement professionals navigate through the changes that are a part of the Know Before You Owe mortgage initiative.”
What the Guide Includes:
There also is a compilation of additional resources, including implementation and guidance, e-regulations, interactive guide to the forms and home loan toolkit.