Ernst rolls out Date Forward TRID protection tool

A new tool developed by Ernst Publishing will protect lenders even if fees change before loan closing.

TRID requires that lenders disclose accurate closing costs to borrowers, but what if the fees change before the loan gets to the closing table? Ernst has lenders covered with a new offering.

Ernst, the leading provider of technology and closing cost data for the real estate and home finance industries for the past 29 years, has released a new offering that allows lenders to accurately disclose closing costs to borrowers even if the fees are scheduled to change before the closing date, thus protecting them from TRID violations.

Date Forward allows the lender to estimate fees accurately as of the expected closing date, not just the application date.

Read all about it on MortgageSpeak.

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