Posts Tagged: TRID

Valuation Management Group Quoted in Working RE for Approach to TRID

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Effective October 3, 2015 under the new TRID (TILA-RESPA Integrated Disclosure) regulations, variances in the cost of appraisals will no longer fall into the 10% tolerance bucket. There are six specific exceptions under which the cost of an appraisal to the borrower can exceed what was disclosed on the Loan Estimate (LE), the most impactful… Read more »

Valuation Management Group – TRID & Appraisal Suggestions

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Effective October 3, 2015 under the new TRID (TILA-RESPA Integrated Disclosure) regulations, variances in the cost of appraisals will no longer fall into the 10% tolerance bucket, and only if a valid changed circumstance occurs can the cost of an appraisal to the borrower exceed what was disclosed on the Loan Estimate (LE). By habit,… Read more »

Valuation Management Group – TRID – What Is a Changed Appraisal Circumstance?

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What happens if it is determined after the Loan Estimate is delivered to the borrower that the subject property is complex and appraisers request more money for the appraisal assignment? TRID allows for a fluctuation of the estimated price and production of a new Loan Estimate if there is a “Change in Circumstance”. Change of… Read more »

TRID & Appraisals – Advice from Valuation Management Group

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Effective August 1, 2015 under the new TRID (TILA-RESPA Integrated Disclosure) regulations, variances in the cost of appraisals will no longer fall into the 10% tolerance bucket, and only if a valid changed circumstance occurs can the cost of an appraisal to the borrower exceed what was disclosed on the Loan Estimate (LE). By habit,… Read more »