If you are new to TRID, one of the first things you need to understand is when you have a TRID application. Different regulations have different definitions as to what constitutes an application. Thus, you cannot assume that if you have an application say for Regulation B purposes that you also have an application for TRID. A TRID application is determined by receipt of six specific pieces of information. They include the applicant’s name, income, social security number, property address, property value estimate and the loan amount. Once you have these six items, you have a TRID application which starts your clock for providing the Loan Estimate.
Jerod explains more in the video.