Tuesday, October 20, 2015

TRID - My Opinion - Cal Haupt

Lately all I see on the various social sites for business and personal is statements of closing a "TRID Loan"?  It’s almost like a statement of “wow we actually closed one”.  TRID “TILA-RESPA Integrated Disclosure” rule implementation  is just an improvement in the mortgage process for clients and keeping your company flexible allows for this type of change and any other change that is in the consumer’s interest.  There will be more industry changes in the future so be flexible and it will be just another day and not the hurdle many seem to think it is.

TRID - “TILA-RESPA Integrated Disclosure” rule implementation

TRID is a long-anticipated change to the mortgage process. different forms, different timelines, and improved processes.  Our industry has undergone many changes and this one is just another adaptation to an industry that is trying to put the consumer first.

TRID makes mortgages more transparent and easier to understand for consumers, which is great for the consumer.  Mortgages are complicated product as you dig into the minutia.  If consumers have more transparency, they will be able to see value and have time to make a more informed choice instead of being sold into the product Du Jour.  Listen to your client and match the product to their needs.

Sincerely IMO,

Cal Haupt
Chairman and CEO
Southeast Mortgage of Georgia, Inc.

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