TEAM TRID™ - Lenders Compliance Group, Inc

Lenders Compliance Group, Inc., the nationwide mortgage risk management firm, today announced TEAM TRID™, a hands-on compliance solution to implementing TILA-RESPA Disclosure Integration.
By: Lenders Compliance Group, Inc.
TEAM trid - Logo-1
TEAM trid - Logo-1
LONG BEACH, N.Y. - May 7, 2015 - PRLog -- Lenders Compliance Group, Inc. (LCG), the nationwide mortgage risk management firm, today announced TEAM TRID™, the hands-on compliance solution to implementing TILA-RESPA Disclosure Integration. LCG has put their own team together, consisting of subject matter experts in all relevant areas of regulatory compliance, the purpose of which is to ensure that the TILA-RESPA Integration Disclosure (TRID) requirements are implemented for their clients and financial services institutions with a need for compliance support. The compliance effective date for TRID is August 1, 2015.

Jonathan Foxx, the firm’s President & Managing Director, stated in an announcement, “My concern for several months now has been the misinformation, opinions, pontifications, webinars, seminars,  assumptions, admonitions, speculations, disinformation, inaccuracies, exhortations, hedged answers, proclamations, tenuous training, costly forums and other pay-to-play venues, that have been heartily stalking mortgage lenders and originators.”

In an interview, Mr. Foxx further observed that “some purveyors of information are charging as much as $6000 just for TRID manuals, not counting the expensive training fees and hourly hand-holding fees! In my view, people need reasonably priced, expert support at this time, not yet another guide for the perplexed, costly training modules, and stop watch, hourly counseling charges.”

The compliance solution offered by LCG is a hands-on approach, offered on a flat fee basis. By retaining Team TRID™, mortgage lenders, mortgage brokers, and mortgage servicers, will receive the tools needed to implement TRID.

According to the Team TRID™ methodology, clients will receive:

• Webinar and Overview: Four Step Method - Planning Steps
• Webinar and Overview: Loan Estimate
• Webinar and Overview: Closing Disclosure
• Published & Advance Copy White Papers
• Implementation Checklists for:
ο Mortgage Lenders
ο Mortgage Brokers
ο Settlement Agents
• Virtual Round Tables
• Consultations on TRID implementation
• Access to Subject Matter Experts

“The difference between us and the cottage industry of information pundits is that we provide an actual team of hands-on experts to work with a client, and we do not charge for forms, checklists, and procedures guidance,” said Mr. Foxx. “We move at the client’s pace. There is no hourly fee!”

TRID is certainly a once-in-a-generation change to residential mortgage loan disclosure - it deserves a personal task force devoted assist in its implementation, with careful planning and cost-effective, reliable compliance support.

Click to learn more about Team TRID™.

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Tags:Mortgage Banking, Mortgage Lenders, Mortgage Brokers, Mortgage Servicers, Mortgage Compliance, Tila/respa, Trid, Mortgage Disclosures
Industry:Banking, Legal, Mortgage
Location:Long Beach - New York - United States
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