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TRID – Part I
In October, 2015, the mortgage industry was set on its ear with the implementation of the TILA-RESPA Integrated Disclosure Rule, affectionately referred to as TRID or “Know Before You Owe.” TRID was enacted to make mortgage lending processes more transparent and easier to understand by the average home loan borrower. TRID has become such an integral part of the current mortgage industry landscape, that it’s not at all coincidental that TRID is one of the four most heavily-tested regulations that you will encounter on the SAFE National Licensing Exam. The good news is that, by watching this training video, you will learn everything that you need to know about TRID. Well, aside from a comprehensive review of the Loan Estimate and Closing Disclosure. That’s what the TRID- Part II training video is for!