In its latest edition of the Stratmor Insights Report, senior advisor Rob Chrisman wrote the lead feature about TRID today, and how changes in the leadership at the Consumer Financial Protection Bureau could affect rulemaking in the future.
Chrisman noted that TRID rules have had a positive impact on borrowers and lenders, citing STRATMOR’s MortgageSAT data dating back to March 2016 that showed significant improvement in borrower satisfaction scores when borrowers are contacted prior to the loan closing. Increased contact between borrower and lender is one of the key goals of TRID.
Read on for more from Chrisman on TRID and potential rulemaking changes at the bureau.
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