TRID DEEP DIVE
What are lender fees, transfer taxes, affiliate fees?
The controlling document that states the late fee, P&I amount, property address.
What is Promissory Note?
Requirement before funding authorization
Lien discovered after CTC but before funding.
What is suspend funding until resolved?
Missing doc after shipment
What is trailing document follow-up?
Valid reason to reset tolerances under TRID
What are changed circumstance affecting loan or borrower?
Resolution for signature not matching the ID
What are Name Affidavit and acceptable ID?
Key wire fraud prevention step
What is verbal wire verification?
What are liens between closing and recording?
Tolerance violation found - fix?
What is borrower cure payment or refund?
Deadline to issue revised Loan Estimate after change.
What are within 3 business days?
What is invalid or unenforceable lien?
What is source of funds verification?
What are lender approval and guideline compliance?
Recording rejection cause
What is formatting or missing information?
The requirement when a fee increase exceeds tolerance but valid change exists
What are documented audit trail and timing compliance?
Impact of missing legal description
What is recording rejection?
Confirmation to fund in Dry states
What is recording reading or compliance?
Impact of vesting mismatch
What are delay and redraw of documents?
MERS error - impact?
What are servicing or ownership issues?
Start of the waiting period when CD is delivered electronically at 6 pm.
What is the next business day?
Solution to wrong interest rate on Note post-closing
What is re-execution or correction agreement?
Action to rectify suspicious payoff change
What is Stop and independently verify?
Unreleased prior mortgage post-close solution?
What is curative title action?
Investor audit discrepancy - risk?
What is repurchase or exception?