ComplianceEase reports that its online compliance management platform, ComplianceAnalyzer, now fully supports loans originated under the new TILA-RESPA Integrated Disclosure (TRID) rules.
In addition, the firm has incorporated the changes into the thousands of federal and state compliance tests that have been affected by the new rules.
What's more, the company has also added a new module, TRID Monitor, to ComplianceAnalyzer that provides complete auditing of TRID disclosure timing, changed circumstances and fee tolerances across all disclosures.
As a result, lenders can test the new module and finalize their compliance procedures ahead of the Aug. 1 deadline.
ComplianceEase says it has been adding TRID features and functionality to ComplianceAnalyzer since 2014 so that lenders can test those new features before the rule takes effect.
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