TRID and its Impact on the Closing Process

New Rules for Closing Residential Transactions

If a buyer of a residential listing applies for a mortgage loan on or after October 1, 2015, new federal regulations will apply to the loan transaction. Generally, these new regulations will apply to all  transactions involving a new residential mortgage loan. Cash and commercial transactions, even if a residence is involved, are not affected.

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TRID and its Impact on the Closing Process