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On October 3, 2015, the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule went into effect. This rule has broad industry impact as it includes changes to the closing process such as:
- New disclosure forms
- New timelines for delivering information to homebuyers
- New tolerances for fee changes
- Penalties for changes that exceed mandatory timelines
To comply with TRID, lenders have made significant changes to their technology infrastructure – integrating their business processes with thousands of settlement service providers in order to properly collaborate and deliver an improved, streamlined home buying experience for the borrower.
To help understand the various technologies available to lenders and settlement service providers, RealEC® Technologies, a division of Black Knight Financial Services, will host a webinar for REALTORS® to learn about its tool Closing Insight™ - an online technology that enables lenders and settlement agents to collaborate on a single platform.
The webinar will be held on Thursday, October 22, 2015 at 3:00pm EDT. Click here to register.