MBA Publishes TRID Resources For Consumers And Lenders

Posted by Patrick Barnard on September 06, 2015 No Comments
Categories : Residential Mortgage

The Mortgage Bankers Association (MBA) has launched a set of easy-to-understand resource guidelines that will help educate consumers, industry partners and service providers about the compliance regulations required by the new TILA-RESPA Integrated Disclosure (TRID) rules, which will go into effect on Oct. 3.

Also known as the ‘Know Before You Owe’ rules, these regulations involve new mortgage disclosure forms and aim to enhance the processing and closing of real estate transactions.

The MBA says these resource documents include a one-page flyer covering the changes for consumers, a one-page flyer targeted at real estate agents and broker partners, and a PowerPoint slide deck for real estate agents and broker partners to use in presentations.

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