Recently, we wrote a White Paper that lays out the only clear path to TRID compliance we can see. The good news is that there is such a path. It’s also good news that the technology was created by a well known industry vendor (Ernst) and that it is already working and has been for more than a year.
But lenders need more than technology to be fully compliant. What they really need is the ability to create “plug and play” title networks based on their own preferences that are capable of delivering guaranteed accurate fees in time for the LE that do not change when the CD is issued. Fortunately, technology currently exists to make this possible.
Like most modern compliance challenges, the solution is better technology. The best technology is developed by industry insiders with a long history of building workable solutions that have stood the test of time. While nothing stays the same, success follows those who continue to do those things that work. In this short article, we wrote about that technology.
