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.