American Land Title Association
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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Consumer Financial Protection Bureau

Checklist to be Ready for TRID Implementation

May 28, 2015

With implementation of the Consumer Financial Protection Bureau’s integrated mortgage disclosures is just a few months away, title professionals should be preparing their operations now for the change. Here's a checklist of 10 items title professionals should consider in order to be ready for the Oct. 3, 2015, implementation deadline.

  1. How will I collaborate with lenders in producing the Closing Disclosure form?
    1. Manual rekey
    2. Shared portal
    3. Integrated interface with lender system
  2. Which documents in your system today feed or pull from HUD-1 line numbers that will no longer exist on the Closing Disclosure form? Will these documents need to be updated in addition to the Closing Disclosure form?
    1. Invoices
    2. Premiums/Rates
    3. Reports
    4. Documents
  3. Will your agency offer a three-day delivery directly to the consumer?
    1. Email delivery
    2. Web portal delivery
    3. Pre-Closing Presentation (electronic or in person)
  4. How will you monitor and meet new scheduling requirements?
    1. Manual/Paper scheduler
    2. Electronic scheduler
    3. Workflow dashboard
    4. Monitoring at individual task level
  5. How will the Closing Disclosure form in the software aid in training my staff?
    1. Will the form appear directly on the screen as they work?
    2. Do we need to begin to memorize the new sections and lines today?
  6. What is my software provider’s anticipated release date for the Closing Disclosure form?
  7. What training will they provide? At what cost?
  8. If I am going to reevaluate my software provider, what other functionality do I want to employ?
    1. Long standing wish list items
    2. Opportunities for additional functionality
    3. Brush-up training for newer staff
    4. Revisit of business practices, work-flow standards and existing workarounds (current nuisances)
  9. How much is the upgrade for RESPA-TILA going to cost?
  10. What hardware/infrastructure investments need to be made or can be retired? Could a cloud solution be right for me?

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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