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#2019636 - 06/10/15 07:59 PM Title Company TRID plans
Sage Offline
Platinum Poster
Joined: Aug 2005
Posts: 914
Our loan officers have been told that after 8/1 we must export our data to the title company so they can create the Closing Disclosure. Has anyone else been told that?

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TRID - TILA/RESPA Integrated Disclosures Rule
#2019647 - 06/10/15 08:31 PM Re: Title Company TRID plans Sage
Truffle Royale Offline

10K Club
Joined: Jul 2003
Posts: 17,400
Told by whom? If it's the title company, they work for you and have no right to tell you that you must do anything. The ultimate responsibility for the Closing Disclosure lies with your bank so I would be extremely hesitant about exporting my bank's data anywhere. You have to decide if you want to prepare the CloD or let someone else do it. At the very least, I would insist that the bank must review and approve every CloD prior to it being sent out.

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#2019648 - 06/10/15 08:34 PM Re: Title Company TRID plans Truffle Royale
Peach Offline
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Peach
Joined: Sep 2006
Posts: 179
Out West
our title companies have gone just the opposite. They are no longer going to do the closing disc. We will receive all of their numbers and we will create the Disc ourselves.

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#2019666 - 06/10/15 08:54 PM Re: Title Company TRID plans Sage
Sage Offline
Platinum Poster
Joined: Aug 2005
Posts: 914
Thanks for the feedback. Truffle I agree -and I doubt our data security people will allow us to export and import data with a title company anyway. I wanted to see if we were being difficult!

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