TRID - Ready or Not, Here it Comes - How Some Lenders Continue to Try to Educate

Posted To: Pipeline Press

Let's start off with a little quiz that I gave to my cat Myrtle. There are four business days left until a) Y2K b) New LO comp rules C) QM d) The Rapture e) TRID f) the Mayans saying civilization will end. Myrtle had that "We've been through big dates before" look as she correctly guessed (e), and then went on to suggest that any lender who hasn't, by this late date, been given everything they need by their vendors for full testing had better think about a different vendor i n the future. The endless TRID news continues a few paragraphs down. We've had a lot of lead time but lots of folks seem to be pulling all-nighters out there... Returning to the topic that has gripped residential lending all year - RESPA-TILA changes - I wonder what we'll talk about after the TRID-dust settles. The MBA...(read more)

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