TRID 2.0 is effective today and we've been doing the heavy lifting so you can keep on originating loans and serving clients without worrying about compliance.
Below are couple things on the CD have changed that you need to be aware of:
Below are couple things on the CD have changed that you need to be aware of:
- Only the deed and mortgage recording fees will be itemized, any other recording fees (currently itemized in section E) will be included in the total loan costs
- Seller Paid fees are separated out into the Seller Paid column (as opposed to the Paid by Others column) according to the Purchase Agreement
- Include seller only fees like realtor commission, seller attorney or home warranty in section H in the seller column
To recap, no changes needed on your end, our technology has you covered! Please make sure to confer with your own legal counsel on anything outside of processing loans in the partner portal.
