LoanComplete™ Quality Check Integrated Disclosures helps lenders address many aspects of TRID compliance. It quickly performs pre- and post-close compliance checking and automatically confirms fee variances are within an acceptable tolerance.
Consumer Financial Protection Bureau TILA-RESPA Integrated Disclosure (TRID) rules present a myriad of challenges for mortgage lenders. Even with loan origination systems and other technology solutions, lenders are still faced with manual processes that are slow and inefficient. From manual keying of fee data to comparing loan estimates with final closing disclosures to check fee variances, lenders remain burdened with the risk of errors, non-compliance and defective loans.