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With the implementation date for the TILA-RESPA Integrated Disclosures just days away, here's a look at some of the finishing touches the mortgage industry is making to its technology and training preparations. For many lenders and vendors, this week will be filled with frantic activity as they test and retest process, procedure and technology. But others say they are not worried at all about being ready on Oct. 3.
Testing One, Two, Three
"We've got quite a bit of last-minute activity happening. Most notably, all of our customers are finishing their coding of the data fields [and] are banging away at our test environments, looking at every possible loan scenario, making sure the resulting output is as expected," said Jonathan Kunkle, president of GuardianDocs, a division of LenderLive.