{"id":2291,"date":"2016-09-28T20:37:28","date_gmt":"2016-09-28T20:37:28","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2291"},"modified":"2019-11-06T14:47:07","modified_gmt":"2019-11-06T14:47:07","slug":"collaboration-in-todays-trid-environment","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/collaboration-in-todays-trid-environment\/","title":{"rendered":"Collaboration in todays TRID environment"},"content":{"rendered":"<p>TRID has changed the operational landscape dramatically for both lenders and settlement agents. In today\u2019s post-TRID environment, collaboration is crucial for meeting the new requirements. This represents a dramatic change in how the lender and settlement agent have interacted in the past. As a result, many continue to rely on pre-TRID means of communication, rather than true electronic collaboration, to execute the Loan Estimate and Closing Disclosure. This creates an inefficient, inconsistent process that, in some aspects, may actually violate TRID requirements and expose all parties \u2014 the consumer included \u2014 to inordinate risk.<\/p>\n<p>To overcome the challenges created by TRID, lenders and settlement agents need to rethink their methods of communication and adopt a more streamlined, consistent method that enables real-time electronic collaboration and supports compliance.<\/p>\n<p><strong>Publisher:\u00a0Simplifile<\/strong><br \/>\n<strong>Date:<\/strong>\u00a0September 2016<\/p>\n<p><!--[if lte IE 8]>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2-legacy.js\"><\/script>\n<![endif]--><br \/>\n<script charset=\"utf-8\" type=\"text\/javascript\" src=\"\/\/js.hsforms.net\/forms\/v2.js\"><\/script><br \/>\n<script>\n  hbspt.forms.create({\n\tportalId: \"4509319\",\n\tformId: \"ee3b8e50-9b64-4e5a-9e96-85d0311ad9e6\"\n});\n<\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TRID has changed the operational landscape dramatically for both lenders and settlement agents. In today\u2019s post-TRID environment, collaboration is crucial for meeting the new requirements. This represents a dramatic change in how the lender and settlement agent have interacted in the past. As a result, many continue to rely on pre-TRID means of communication, rather [&hellip;]<\/p>\n","protected":false},"author":686,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[63],"coauthors":[80],"class_list":["post-2291","post","type-post","status-publish","format-standard","hentry","category-lending","tag-white-paper"],"acf":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/686"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2291"}],"version-history":[{"count":1,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2291\/revisions"}],"predecessor-version":[{"id":2879,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2291\/revisions\/2879"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2291"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}