The New Mortgage Process Will Require a Houseful of Patience
TheStreet.com, Oct. 6, 2015–Notte, Jason
The TILA-RESPA Integrated Disclosure rule, known as TRID, produces a shorter stack of paper before closing, but it also makes a nice set of shackles if you’re making changes before sealing the deal. It should be simple, but right now there’s a bit of a learning curve for lenders and title companies, which could delay the closing date.
