Definition
TRID
The TILA-RESPA Integrated Disclosure rule, which introduced the Loan Estimate and Closing Disclosure and their timing requirements.
Nearby terms
Title Insurance
Insurance against defects in the ownership history of a property, paid once and covering past rather than future events.
Title Search
An examination of public records to establish the chain of ownership and identify liens, easements and other encumbrances.
Truth in Lending Act
Federal law requiring disclosure of credit terms and costs, including APR and trigger-term rules in advertising.
Underwriting
The process of evaluating a borrower and property against programme guidelines to decide whether to make the loan.
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