Welcome to First American Title
When it comes to your business, smooth transactions and happy homebuyers are your primary goals. At First American, they're ours too. And with TILA-RESPA Integrated Disclosure (TRID) regulations now in effect, you'll want to make sure your transactions — and your business — continue to run smoothly.
That's why First American has dedicated tremendous resources in coordination with lenders nationwide to adapt our technologies, processes and procedures to new TRID forms and regulations, helping us continue to provide seamless service to our residential customers — and helping your customers truly "know before they owe."
When you work with First American, you'll have the peace of mind of knowing your transaction — and your customers — are in capable, well-informed hands.
Want To Know More?
Keep up with how TRID is changing the closing process.
History and Background
Every home has a history; so does every home-buying regulation. Learn how the TILA-RESPA Integrated Disclosure rule came about — and what it means to your business.
New TRID regulations mean new processes and forms for residential mortgage transactions. Keep your transactions smooth and timely by using settlement service providers that are prepared for these changes.
Looking to Determine TRID Timelines?
First American Title's online Closing/Consummation Date Timing Calculator will calculate your earliest consummation date based on delivery type (mail, personal or electronic).Launch the Closing Date Calculator
The New Forms
TRID implementation requires two new forms. The Loan Estimate and the Closing Disclosure are two standardized documents the Consumer Financial Protection Bureau requires lenders to provide to mortgage applicants. Explore the new forms, along with delivery and timing requirements, at First American's Ownership Information Center.Learn More
The Loan Estimate
The Loan Estimate is a new disclosure required by the CFPB. Lenders are required to furnish the Loan Estimate to mortgage applicants within three days of application. Find out more about this form.
The CFPB requires the new Closing Disclosure in most mortgage transactions. The new disclosure replaces the HUD-1 Settlement Statement and the final Truth in Lending (TIL) disclosure. Find out more about this form.
What is the Consumer Financial Protection Bureau (CFPB)?
The CFPB is an independent bureau within the Federal Reserve System, created by Dodd-Frank Wall Street Reform and Consumer Protection Act. Find out more about the CFPB — and how it works to protect your customers.
Are your transactions impacted by TRID regulations? That depends on the type of mortgage involved. Find out which transactions are subject to TRID requirements.
The Closing Disclosure: Two Workflows
Wondering how the new Closing Disclosure will be prepared and delivered? Two different workflows may be involved. Find out more.
The Closing Disclosure: Timing and Delivery
With new TRID regulations, timing is everything. Find out more about the required timing and delivery of the Closing Disclosure — and what issues could trigger a delay in closing your transaction.
The Closing Disclosure: Tolerance and Tolerance Cures
You're likely familiar with the concepts of tolerances, tolerance violations and tolerance cures. Here's how tolerance levels and violations will be referenced, determined and cured within the new forms.