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Home » SFIG Plots TRID Compliance; Lenders Take Hits
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SFIG Plots TRID Compliance; Lenders Take Hits

April 8, 2016
A single mortgage must meet nearly 150 requirements to achieve compliance with the TRID disclosure rule, according to a framework proposed by members of the Structured Finance Industry Group. Third-party due diligence firms will test loans for most of the TRID requirements, according to a draft of the TRID compliance review scope obtained by Inside Nonconforming Markets. Since the TRID rule took effect in October, due diligence firms have found widespread violations ...
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