Though TRID has been a part of the compliance landscape for nearly a decade, its
complexity makes it one of the most commonly cited violations year after year. To achieve
compliance with TRID’s string of guidelines, and numerous amendments throughout the
years, you need more than a cursory overview.
The Truth in Lending/Real Estate Settlement Procedures Integrated Disclosures (TRID)
requirements are a string of guidelines dictating what information lenders need to share
with borrowers and when they must provide it. TRID rules also regulate what fees lenders
can charge and how these fees can change as the mortgage matures