TRID-Change of LO Name: Can you change the name of the LO after the disclosures are sent out and before the loan closes? I’m getting mixed messages from our investors.
Answer:There is no guidance in the Small Entity Compliance Guide addressing this scenario. This decision would need to be based on the independent lender’s interpretation of the full rule. If you are an independent lender and this is for you, the best thing to do is to engage your compliance officer, or in-house counsel, to […]