How TRID compliance opened the door to the eMortgage

The CFPB’s goal in enacting TRID was to ensure that lenders report accurate numbers to their borrowers on disclosure forms. In order to do so, the industry needs to handle data in a new, more connected process that is only possible with tightly integrated systems. DocMagic has been a longtime proponent of this very kind of industry shift, and had been developing the technology to accomplish it long before the CFPB invited us to be part of its eClosing pilot.