TRID Monitor™ expands the industry’s leading mortgage compliance platform, ComplianceAnalyzer, to include the latest and most comprehensive disclosure testing to ensure that loans comply with the latest TRID rule and many other federal and state laws and regulations.
TRID Monitor Features
Unmatched TRID expertise
The TRID rule is very complex not only to originators but also to those who need to enforce it. TRID Monitor is the foundation of e-Exam processes.
TRID Monitor tracks from the initial LE until the final CD and everything in between, ensuring lenders are in compliance.
TRID Monitor accurately monitors each fee change during origination which helps prevent lenders from having to issue refunds due to disclosure issues.
The reason for redisclosure (COC) is tied to each individual fee on the disclosure, TRID Monitor validates the COC.
Allowable Redisclosure Testing
Audits final closing documents, alerting lenders to closing table changes that create compliance issues and calculating refund and deadline for remediation.
TRID Monitor guides lenders and investors to make necessary refunds to remediate origination/closing issues identified by the audit.
TRID Monitor Benefits
Reduces the risk of corrections, fines and buybacks
Increases loan quality
Ensures TRID compliance
Produces insightful, report with actionable recommendations