Banker's Compliance Consulting Blog

TRID: Revising the Loan Estimate

When a valid changed circumstance occurs, it may cause the regulatory tolerances to be exceeded....

Regulation E: Consumers Only

Section 1005.3(a) of Regulation E lays out what’s covered by the Rule. It specifies that Subpart A...

“Absorbing” Loan Costs on the Closing Disclosure

Lenders sometimes negotiate certain fees with respect to a mortgage loan application. For example,...

The Importance of Compliant Loan Estimates

A “Loan Estimate” is exactly what it sounds like. It’s an estimate of loan costs and other...

Escrow Account Short-Year Statements

Escrow accounts are based on a 12-month period referred to as the escrow account computation year....

The Mortgage Life Cycle: Seller’s Closing Disclosure

When it comes to the life cycle of a mortgage loan transaction, there are very few instances where...

The Mortgage Life Cycle: Closing Disclosure Accuracy

One area of confusion that we see with the TRID Rule has to do with the accuracy of the information...

Escrow Accounts: Loan Payoffs & Loan Payoff Statements

If your financial institution requires escrow accounts subject to §1024.17 of RESPA, you know that...

TRID: Pre-Disclosure Restrictions

The TRID requirements found in Regulation Z state that once a lender has received six specific...

Section 1071 Firewall Requirement

One of the more potentially challenging aspects of the Section 1071 data collection and reporting...