“The Headline is: Are TRID Violations an Epidemic in the Mortgage Industry?”
Read the report below:
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?
Image courtesy of stuartmiles/freedigitalphotos.net
Subscribe to my blog via Email:
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
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.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.