TRID: Best Information Available
One key concept when it comes to TRID disclosures is the idea of “the best information reasonably available”. This is vitally important, especially for those who may be new to TRID. Essentially, any time you issue a Loan Estimate, a revised Loan Estimate, a Closing Disclosure, etc., it should be based on the best information available to you at that point in time. In other words, you shouldn’t just be guessing. If you don’t know something, you need to do some leg work to find out and ensure that your disclosure is as accurate as it can be, based on the information available to you. Examiners are going to be looking at what you knew and when you knew it and your disclosures should correspond accordingly.
Jerod explains more in the video.
Published
2025/12/26
Jerod Moyer
Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!