Compliance professionals have been consumed by TRID for the past twelve months, and with good reason. The magnitude of change TRID has spurred in the mortgage industry is unparalleled in recent memory, and only recently has the Consumer Financial Protection Bureau (CFPB) acknowledged that the rule has been less than clear in several aspects.
Being immersed in the day-to-day challenges of ensuring compliance with TRID is certainly the highest and best use of compliance professionals’ time.