Thread Starter: Anonymous
Title: Re: Less than cooperative software vendors - TRID
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Different anon here.
The escrow closing notice was provided for in the TRID final rule and it is discussed in the CFPB's Compliance Guide for TRID. The discussion of the notice begins on page 83 of the guide. It is a disclosure that would need to provided, if applicable, when the escrow account is closed under certain circumstances during the servicing of the loan. I know we had to create our own ARM adjustment notices in our core system so I'm guessing we'll have to do the same for the escrow closing notice.
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