lenders Archive

TRID: A Year Later

A year after implementation of the Know Before You Owe rule, many REALTORS® expressed both support, but also frustration. The TILA-RESPA Integrated Documentation (TRID) or Know Before You Owe rule went into effect on October 3rd 2015. In early...

TRID Costs and Lender Optomism in the 2nd Quarter

Lenders continue to deal with the effects of TRID and wavering investor demand but are more optimistic about investor demand for mortgage in the second half of 2016.  Those are some of the sentiments expressed in the Survey of...

TRID: Back on Track in June

The average time-to-close snapped back to its downward trend in June after a May reversion. The time from contract to settlement in June relative to the same time in 2015 edged lower relative to last month. On average, sales...

Lenders Make Headway, Reducing Delays and Cancellations rom TRID

The lending industry has struggled with recent changes to the closing process. However, the 1st quarter Survey of Mortgage Originators shows clear improvements in handling the new regulations. The new Know Before You Owe or TILA RESPA Integrated Disclosures...

Steady Improvement as TRID Effects Wane

Lenders appear to be making headway in the TRID environment. With the busy spring market underway, this trend bodes well for the looming surge in seasonal volumes. The average time-to-close was unchanged from February at 43.3. To adjust for...