Things have been changing in the industry at an increasingly
rapid pace in the last nine years. From the housing market crash to the
establishment of the Consumer Financial Protection Bureau, to the new
TILA-RESPA Integrated Disclosure Rule (TRID),
the entire real estate mortgage market has had to adjust to new realities
quicker than ever before.
One sticking point as people adapt to their new realities?
Lender’s closing instructions. Whether it’s not having enough time to read and
follow those increasingly complex forms, a lender who asks you to take on more
risk for the transaction, or receiving closing instructions that haven’t been
adapted to the new changes, title and settlement agents have seen them all.