Fannie and Freddie have both issued statements to lenders that they will not be doing a post-purchase technical audits for TRID for the time being. However, they do expect that lenders are using the correct forms and are following TRID in good faith.
This is only a transitional period that is meant to give lenders the opportunities to work out all of the workflow and technology issues.
Thank you Freddie and Fannie! I think lenders needed this transition period!
To Read Fannie’s Bulletin CLICK HERE!
To Read Freddie’s Bulletin CLICK HERE!