Don’t let the two month reprieve on the implementation of TRID (TILA/RESPA Integrated Disclosures) fool you–October 3, 2015, will be here before we know it. The elephant in the room is how the new TRID rules will affect the lender/title company relationship. There is not a one-size-fits-all answer that covers all the possible ways the Closing Disclosure (CD) will be handled. Most companies are looking for solutions and starting implementation plans, but no one will be able to fully understand the effects until actual loans are being sent through the systems set up to handle the new rules.
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