"Speed of execution to get closings taken care of is going to be important and with TRID, and we think some of our competition will have trouble tracking when the verifications are signed," said Mid America Mortgage president Jeff Bode.
Mid America Mortgage will utilize document preparation and electronic signature and vaulting technology developed by DocMagic to facilitate paperless mortgage closings complete with e-signed promissory notes.
Mark Mackey is CEO of International Document Services.
There is no universal definition of "TRID-ready," but any vendor claiming it's prepared for the new integrated disclosures should allow lenders to test the changes. Here's what to look for, and the red flags that should be cause for concern.
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