Finding ways to cure liability issues and a lack of competition created by the TRID rule were among the issues cited by lenders and other industry members who responded to the bureau’s request for information seeking feedback on potential changes to the rule.
The CFPB received more than 150 public comments on recommendations for modifying, expanding or eliminating the rule.
Read on for suggestions on how TRID can be improved from RESPRO, the Mortgage Bankers Association (MBA), the National Association of Mortgage Brokers (NAMB) and ComplianceEase.
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