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TRID Ready

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Mortgage Lending is Changing…Closing Loans on Time Isn’t

The CFPB (Consumer Financial Protection Bureau) TILA-RESPA Integrated Disclosure Rule, or TRID, is intended to enable consumers to make responsible decisions with new, easier-to-read mortgage disclosure forms. The TRID rule goes into effect October 3rd, 2015 and generally:

  • Clarifies the ‘definition’ of a mortgage application
  • Revises mortgage loan disclosures and closing documents
  • Establishes a customer-friendly timeline for real estate settlement procedures

We are TRID ready!

Although the TRID Rule represents a significant change within the mortgage industry, Gateway Mortgage Group has been laser-focused on preparing our technology, operations platform and Team Members to ensure it will be “business as usual” under the new TRID Rules.

We remain committed to providing an industry-leading platform that delivers on-time loan closings and an enjoyable, smooth experience for our customers and referral partners.

For more information, find a Branch or Loan Originator near you today.

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