The reason for the 3-day CD pause

Pop quiz: which rule requires borrowers receive the Closing Disclosure at least three business days before consummation? It’s TRID — the TILA-RESPA Integrated Disclosure rule that went live in October 2015 — designed to protect clients with clear, timely info so we stay compliant and keep satisfaction high; if you want a refresher, the CFPB’s summaries are a solid place to research.

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Totally agree on keeping clients informed — timing’s everything here. We found that proactive follow-ups after the Closing Disclosure can really enhance satisfaction. It’s interesting how a simple call can clear up so many questions before the closing date.

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