TRID: Disclosing Title Insurance

When it comes to disclosing the lender’s and owner’s title insurance on the Loan Estimate, it can get tricky. The reason is that TRID requires you to disclose it in a specific way (aka TRID math) when there is a discount for policies issued simultaneously. TRID has been around for quite some time now and we still see financial institutions getting tripped up in this area.

Jerod explains more in the video.

Video Highlights:

• If there is no discount associated with purchasing both policies, then the calculation is simple.
• If there is a discount when buying both policies at the same time, there is a special way to disclose this.
• If this “TRID math” calculation is not used, it is a violation.

Published
2023/03/01