The Mortgage Bankers Association (MBA) launched a set of resources to educate both consumers and lender business partners needing to comply with the new “Know Before You Owe” or TILA/RESPA Integrated Disclosure (TRID) regulations that go into effect on October 3rd.
The resources comprise several documents designed to assist consumers and the broader real estate community in plain, easy-to-understand language. They include:
- Consumer One-Page Alert – Targeted for consumers and covering the changes of TRID regulation, this informative one-page flyer covers the changes brought by TRID in plain, easy-to-understand language and provides tips to keep the process running smoothly.
- Realtor One-Page Summary – Targeted for real estate agents and broker partners, this informative one-page flyer also covers the changes brought by TRID in plain language and provides tips for helping expedite the closing process.
- PowerPoint Slide Deck – Targeted for real estate agents and broker partners to use in presentations with colleagues. These slides serve as the basis for a presentation to real estate agents and brokers. The deck includes an appendix of sample forms for reference
The MBA has made it simple to brand these resources with a lender’s name by using the editable field at the bottom left corner of the PDFs and the cover page of the PowerPoint. Lenders do not have to be MBA members to access and use the resources.