TRID Calendar

LoanStar TRID Calendar: Milestone Forecast Tool

On October 3rd, 2015 the Consumer Financial Protection Bureau implemented new disclosure requirements in the mortgage lending process, commonly known today as "TRID". These changes are part of the CFPB’s "Know Before You Owe" initiative and are designed to help consumers understand the terms of their home financing transaction. The biggest changes are the replacement of the Good Faith Estimate, Truth in Lending disclosure, and the HUD1 Settlement Statement. These disclosures have been replaced with the Loan Estimate (LE) and Closing Disclosure (CD). In addition to the new disclosures there have been changes to the timing in which these disclosures must be delivered to the consumer. These disclosure process changes may prolong the time to close on a mortgage loan, but are designed to ensure the consumer has a full understanding of all the terms associated before closing a mortgage.

The “TRID Calendar” is a tool to help consumers, Realtors® and referral partners forecast when key milestones will take place during the mortgage process and how that affects the time to close a mortgage in today’s regulatory environment.

If you have any questions or concerns, please contact your LoanStar mortgage professional for more information.

Learn More About TRID

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LoanStar Home Lending is a mortgage lender focused on providing government, conventional, jumbo and alternative qualification home loans to customers in the states we are licensed. The LoanStar Home Lending mission is to deliver expertise and efficient access to home loans with passion, pride and integrity. We continually seek to improve our service commitment to our customers and the communities where we live and work to accomplish our vision is to be the most dynamic and trusted lender. ...

 

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- NMLS: 1094582
9020 SW Washington Square Rd., STE 350
Portland, Oregon 97223
Phone: (855) 347-7691
Email: contact@goloanstar.com

 

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This communication is for informational purposes only, is not an offer, solicitation, recommendation or commitment for any transaction or as a confirmation of any transaction (unless expressly stated otherwise). LoanStar Home Loans, LLC, dba LoanStar Home Lending, 9020 SW Washington Square Road, Suites 250 and 350, Portland, OR 97223; NMLS 1094582. LoanStar Home Lending only conducts business in states in which it is licensed.
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