When our team looks at TRID loan files, they spend a lot of time on revised disclosures. Why? Because every revised Loan Estimate or Closing Disclosure should have a story or a reason behind it. It’s common to find pieces of the story missing, which leads to violations. Some common errors they see include issuing a revised Loan Estimate to reset tolerances without a valid changed circumstance and failing to issue the revised disclosure within three business days of learning of a changed circumstance. When you are conducting your own internal audits of TRID loan files, these are things you should be looking for as well. Join us for this webinar as we will walk you through other areas where violations are commonly found.
Jerod explains more in the video.
Published
2025/04/17