TRID Talk: Resources for Staying Ahead of the Learning Curve

Each day I arrive at work and turn on my computer expecting this to be the day I won’t have
questions regarding the TILA-RESPA Integrated Disclosure rule, also known as the TRID rule, flooding my inbox.

Each day I am wrong.

While evaluations of the past three months vary, and I, like many of my colleagues, continue to be patient as we “ride the learning curve” of a new settlement document, the Closing Disclosure, new waiting periods and deadlines, and new software integration, one thing is very clear. Every day we are challenged with finding answers to questions that we felt we knew cold prior to the October 3^rd rollout of the new TRID rule.

Two industry experts, The Consumer Financial Protection Bureau (CFPB) and the American Land Title Association (ALTA), have developed easily understood explanations to many questions. Simply visiting their websites can provide a wealth of information and answers about the TRID.  I find myself referring to various parts of their websites on a daily basis.

Top TRID Rule Resources:

1. On the CFPB’s site visit their Resources To Help You Comply page for a variety of samples, guides, and forms.
2. On the TRID Resources page on the ALTA website, you will find links to live and recorded presentations as well as many other useful tools.

We’ve all learned no one can accurately predict what the next three, six, or twelve months will bring to our industry. In order to keep moving forward, remaining flexible, patient, and well-informed are key to remaining competitive. Finding and utilizing the right resources to stay current and quickly answer questions can help keep you ahead of the curve.

Have you tried the new TRID Calculator? It is simple to use and highly accessible to all Two Rivers Title partners.