With this video, we look to give the basics of what to expect for the home investment process.
Now they have finally been completed and implemented by the Consumer Financial Protection Bureau. The new rules are called TILA-RESPA Integrated Disclosure, or TRID. It is meant to make the mortgage process easier to understand and more transparent. This is done through two new forms, rules about timing and strict regulations about changes. TRID is sure to take some time to get used to for real estate agents, lenders, buyers and sellers.
New American Funding is here to serve the needs of its borrowers, and right now, many of those borrowers are millennials. We understand that when it comes to the mortgage loan process, millennials have varying preferences in how they select a lender as well as how they want to communicate with that lender. It is vital that Loan Officers shift their marketing and customer service strategies when working with this tech-savvy, inquisitive generation.