Ernst Publishing Introduces TRID-Ready Calculator Ahead Of CFPB Deadline

Posted by Patrick Barnard on October 01, 2015 1 Comment
Categories : Residential Mortgage

Ernst Publishing Co., a provider of technology and closing cost data for the real estate and home finance industries, says that its TRID-ready closing cost calculator for the loan estimate and closing disclosure is now live and can be used in parallel with its existing good faith estimate and U.S. Department of Housing and Urban Development fee tools.

According to the company, this capability allows lenders to test their new process with the system before TRID's Oct. 3 deadline, set by the Consumer Financial Protection Bureau (CFPB).

‘Anyone working on TRID implementation will tell you that there have been many unexpected challenges,’ says Gregory E. Teal, president and CEO of Ernst Publishing. ‘We wanted to go live as early as possible so lenders can begin using the tool and testing their processes ahead of the CFPB's deadline.’

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