Can Creditors Collect Information Beyond The 6 Required Pieces?
In addition to the required pieces:
Name
Income
Social Security Number
Property Address
Estimated Property Value
Mortgage Amount Sought
a creditor may collect whatever additional i... read more
What 6 Pieces of Information Make A TRID Loan Application?
Submitting these 6 pieces of information:
Name
Income
Social Security Number
Property Address
Estimated Value of Property
Mortgage Loan Amount sought
constitutes a valid loan appli... read more
What Disclosures Are Used For Loans Not Covered By TRID?
Creditors must continue to use the Good Faith Estimate, Truth-In-Lending Disclosure and the HUD-1 form for reverse mortgages, HELOCs, mobile home or other non-attached dwelling loans and others NOT covered by TRID.
Housing assistance loans for low- and moderate-i... read more