Tag: RESPA

New TILA-RESPA integrated disclosure rules (TRID) are tricky to condense because the rule runs almost 2,000 pages. However, that is why you turn to MCA. In this blog post, we will explain what TRID replaces in a loan file and what you should do about it. Loan Types Affected TRID is pursuant to the Dodd–Frank…

Brokers are not required to issue an initial TIL or initial Servicing Disclosure Statement. In accordance with RESPA and TILA, we will not issue a finding to brokers if these documents are not in the file. Check out the regulations: Servicing Disclosure Statement: Delivery. The lender, table funding mortgage broker, or dealer that anticipates a…