As you may have heard, on October 3, 2015 a new RESPA/Truth in Lending Act integration rule, often referred to as “TRID”, goes into effect that significantly changes the settlement process. The final rule integrates existing disclosures with new requirements from the Dodd-Frank Act to improve consumer understanding of the mortgage process, aid in comparison shopping, and help to prevent surprises at the closing table.
Upstream has the potential to be a true game-changing event in the history of our industry.
- By Steve Murray, publisher
I have been thinking about the recent developments regarding the Upstream Project and the joint development with the National Association of Realtors®. Obviously, there has been much written about it, and my assumption is that there is more to come. Should the project come to fruition, it will be remembered as one of the most significant developments in the history of our industry.
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