TRID is Coming....4 DAYS and counting, will your ship sink or SAIL???

TRID is on the horizon, but there’s still time to prepare your sellers and buyers... For instance, lenders should be communicating as if the new rules are already in place. This is a rather simple measure that also presents additional opportunities, such as the chance to educate referral partners on important components of the new rules, (i.e. the three-day wait from last closing disclosure to closing). Lenders can prepare referral partners for the critical, time-sensitive processes to help them meet commitments as required by law, creating a key competitive advantage and one of the best parts about TRID that nobody is talking about. Don’t get me wrong – any time four separate disclosures are consolidated into a single rule, there’s bound to be some challenges. The changes are comprehensive and quite extensive; the “plain language guide” to the new rules, designed for “ease of use,” is a whopping 91-pages. But loan officers aiming for success will put in the work on the front end to understand new rules and recognize how they will impact and improve existing processes. Many of the changes introduced by TRID won’t have a material impact because if everyone makes sure the customer has enough time to review the HUD-1 statement the ship will not SINK!! Dialing into customer service and delivering a remarkable level of service will mitigate all of those TITANIC FEARS that REALTORS and Closing Attorneys are spending sleepless nites and this will be avoided by doing what needs to be done before it actually needs to be done.

Call me or email me at [email protected] or

770-757-3555 if you need more info.