TRID update: It's 'appropriate' for agents and brokers to access Closing Disclosure

The CFPB amended its rules to make it clear that the mortgage document can be shared with real estate professionals
  • After TRID was implemented in October 2015, agents and brokers no longer had easy access to the Closing Disclosure (CD), a loan document that replaced the HUD-1 Settlement Statement.
  • The CFPB modified TRID rules to clarify that sharing a CD with agents and brokers is "usual, accepted and appropriate."

The CFPB finalized updates to the 560-page TRID rules, including an update about privacy and sharing of information that should make it easier for agents and brokers to access the Closing Disclosure.