Loan Estimate comparison tool helps buyers weigh options

  • ELend recently launched Rate My Rate, a free online tool that enables mortgage applicants to upload a Loan Estimate received from one mortgage lender and compare it to a loan that eLend may offer.

Some people consider the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosure (TRID) rule burdensome, and some people even jokingly refer to the acronym as “The Reason I Drink.” But for others like eLend — a company that uses technology to simplify the mortgage process — TRID is an opportunity.