“The Headline is: Are TRID Violations an Epidemic in the Mortgage Industry?”

“The Headline is: Are TRID Violations an Epidemic in the Mortgage Industry?”

 

 

Read the report below:

 

http://www.themreport.com/news/data/12-10-2015/are-trid-compliance-violations-an-epidemic-in-mortgage-industry

 

I have done nearly three dozen applications that have fallen under TRID; only one was done incorrectly and then was corrected and submitted to a lender again.

 

I have had a dozen closings from that original group of applications and all closed perfectly except for one. That one had to be re-disclosed a second time and then closed which was a three day delay.

 

We should be an example of a typical company but how do these results seem like an epidemic? It is hard for me to believe that others in my business are having an epidemic either, so why all the BS?

 

What kind of experience are you seeing with transactions that involve TRID?

 

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

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