How do the TRID Upgrade and Inclusive models help with compliance and the production of the LE and CD under TRID?
- Posted by Credit Technologies, Inc.
- On May 26, 2017
- 0 Comments
Both models dollar-cost-average all costs into a standard fee allowing for a known total cost to the borrower at the inception of the application. This allows you to standardize the Loan Estimate and Closing Disclosure amounts with the same amount being collected from every borrower at closing.