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Home » Store » RESPA » TRID 1.0 Blamed for Rise in Mortgage Defects, Study finds

TRID 1.0 Blamed for Rise in Mortgage Defects, Study finds

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The CFPB’s Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure (TRID) rule has been blamed for a lot, including, most recently, producing more defects in mortgage loans. According to a new industry trends report from ACES Risk Management Corp. (ARMCO), a provider of web-based audit technology solutions for the mortgage industry based in Pompano Beach, FL, the industry experienced “a significant decrease in defects” through the second quarter of 2015. However, ...
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