Key changes, implications and expectations of TRID:
– Are you ready? The scope and expectations for lenders and vendors/service providers
– The Loan Estimate - GFE + Initial TIL
– The Closing Disclosure – HUD-1/1A + Final TIL
– Lending to Servicemembers
Presenter: Ben Olson
Ben Olson, formerly Deputy Assistant Director for the CFPB’s Office of Regulations, led the CFPB’s development of the proposed mortgage disclosure forms and regulations. In private practice, he advises clients on implementation of the final TILA-RESPA Integrated Disclosure or “TRID” rule, which will apply to applications received on or after August 1, 2015. We asked Ben a few questions regarding the TRID rule, and his responses are reprinted below with his permission. These responses were prepared solely for the benefit of ATS Secured. They are provided for informational purposes only and do not constitute legal advice.