TRID Fee Tolerance Monitoring demo
Every fee change and disclosure clock watched from Loan Estimate to closing, so the re-disclosure goes out while a cure can still be avoided. 1:14
What the demo shows
A disclosure solution for mortgage lenders that tracks every fee change before closing.
Six agents lay every Loan Estimate and Closing Disclosure side by side, tie each fee increase to a valid changed circumstance or flag the cure, and count every disclosure clock; the revised Loan Estimate or the cure goes to the disclosure desk, who approves and sends.
Transcript
- TRID Fee Tolerance Monitoring tracks every fee change before closing from mortgage disclosure desks.
- One loan in three pays a cure.
- Here, every Hensley disclosure sits side by side.
- Rene runs the check.
- Six agents compare every fee across four versions.
- The appraisal fee rose from $6.50 to $8.25 with no valid reason, a $175 cure.
- The points rose for a valid reason, so today's revised estimate resets them.
- Title and recording run 15% over a $158 cure.
- Miss 5 o'clock, and the cure is $2,781.
- Piper sends it early.
- $2,400 prevented when the fee changed, not paid at closing.
- Built on Botminds: agents, data, screens, and governance on one platform.
Transcribed from the film’s narration. Captions are on the player.