TRID: Recognizing a Changed Circumstance & Issuing a Revised Loan Estimate

There is change in every aspect of life and the mortgage loan process is no exception.  Changes happen for a variety of reasons, whether initiated by the borrower or when information relied upon by the lender changes or was inaccurate.  Your institution must be prepared to recognize opportunities to issue a revised Loan Estimate that enables critical tolerance levels to be reset.

This webinar will dive into what constitutes valid TRID changed circumstances and how to issue a revised Loan Estimate in a timely manner.  Loan file documentation is critical to support the reason for the change and to clearly identify the fees that were directly impacted to reset tolerance levels.  This webinar is designed to ensure you are prepared to capture opportunities to issue revised Loan Estimates and properly support your institution’s response to a change.