Loan Estimate Form

Loan Estimate Form Software

Under the CFPB’s TILA-RESPA Integrated Disclosure (TRID) rule, there is a new Loan Estimate Form necessary in real estate transactions. Learn about this new form and how EasySoft can automate the entire real estate closing process.

Overview

Before the new TRID changes were implemented in October 2015, consumers/borrowers typically received two federal disclosure documents outlining the terms and costs of the loans they were considering: the Initial TIL Disclosure and the Good Faith Estimate. Two disclosures were also received at the time of the closing: the Final TIL Disclosure and the HUD-1 Settlement Statement.

The TRID implementation combined the mortgage disclosure forms, thus creating the Loan Estimate Form and the Closing Disclosure Form. The Loan Estimate Form is typically prepared by banks or lenders and is issued to the borrower. The Loan Estimate Form must be provided by the lender within three business days of receiving a loan application.

Loan Estimate Form FAQ’s

What kind of information is included on the Loan Estimate form?
What is the benefit of the Loan Estimate Form to the consumer?

Features

EasySoft Real Estate Closing Solutions keeps all aspects of the real estate closing process, including the Loan Estimate Form, simple and accurate. Loan Estimate Form features include:

  • Complete Loan Estimate Form
  • Import all data from Loan Estimate Form to the Closing Disclosure Form.

View a full list of Loan Estimate & EasyCDF Features

 

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