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RealEC’s perspective of life after TRID
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The Road through Oct. 3
Friday, December 18, 2015
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Moody’s recently reported that in an assessment of mortgage loans reviewed that 90 percent were in violation of the TILA-RESPA Integrated Disclosure (TRID) rules, and anecdotally, reports of connection problems with portals have led many lenders and settlement agents to conduct TRID closings through email exchanges rather than direct connection. RealEC Division President Dan Sogorka, whose company makes the Closing Insight portal, spoke with Dodd Frank Update about the feedback the company has received from its clients in the first two months of TRID.
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