Hi Mortgage Coaches!
As you know, the new Loan Estimate and Closing Disclosures will take effect tomorrow, October 3rd. To support this compliance initiative, some new features have been added to your EDGE presentations:
1) New verbiage will appear at the top of all of your EDGE presentations in both the browser version and mobile versions. Each presentation will now have a new text line at the top saying: "Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan."
2) New line item added to the summary section on the TCA to show the Total Interest Percentage (TIP) for each lien represented.
3) New line item added to the summary section on the TCA to show the 5 year cost of each lien represented.
To see a short video on these features, please click on the link below:
For a deep dive into what the changes are and how to make TRID your competitive advantage, please check out the Thursday Training call we did yesterday on the subject: