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© 2015 Ticor Title Your CFPB readiness partner – every step of the way © 2015 Ticor Title Your CFPB readiness partner – every step of the way

© 2015 Ticor Title Your CFPB readiness partner – every step of the way - PowerPoint Presentation

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Uploaded On 2018-10-29

© 2015 Ticor Title Your CFPB readiness partner – every step of the way - PPT Presentation

Know before you close TRID Wheel Know before you close Introducing the ONE and ONLY ONE Know before you close TRID Wheel The TRID Wheel EXCLUDES all Sundays and federal h olidays ID: 701104

trid wheel close calendar wheel trid calendar close date 2015 oct consummation earliest year read sundays federal holidays rescission

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Slide1

© 2015 Ticor Title

Your CFPB readiness partner – every step of the way

Know before you close.

TRID Wheel

Know before you close.

Introducing the ONE and ONLY ONESlide2

Know before you close

.Slide3

TRID Wheel

The TRID Wheel EXCLUDES all Sundays and federal holidays.It eliminates the guesswork in determining earliest

consummation date.The back of the TRID Wheel is a

rescission calendar for refinance t

ransactions.The TRID Wheel is available for

all FNTG brands.What

You Should Know

About

the TRID Wheel…Slide4

The TRID instantly determines earliest consummation date.

The TRID Wheel can also be used as an instant tool to estimate required closing days by working backwards on the wheel, thus allowing the realtors to write a more realistic contract with the consumers.One can easily show why adding an additional 10 – 15 days

into closing is going to be helpful. According to the most recent survey by NAR, 55.9% of the realtors plan to change their purchase agreements to reflect a longer timeline.

THREE

Purposes the TRID Wheel Serves…

TRID WheelSlide5

Calendar begins Oct 2015 and ends on Oct 31, 2016, next year calendar will be released annually.

Instructions on how to read the calendar are included

All Sundays and all

federal

holidays are excluded from the calendar.

THE FRONT

The TRID Wheel at a Glance

…Slide6

Rescission

calendar includes Oct - Dec 2015 and the entire 2016 year.Next year will include

2017 only.

All Sundays and all federal h

olidays are excluded from the calendar.

The Back – Rescission Calendar

The TRID Wheel at a Glance

…Slide7

How to Read the

Wheel? 

Align START with the CD delivery date, example October 3

Read the earliest consummation date if delivered by

HAND or by MAIL

1

2Slide8

Learning the Basic…

CD DELIVERY

DATE

If by

MAIL,

e

arliest

consummation date

will be on

Monday, Oct 26, 2015

If by HAND,

earliest consummation date will be Thursday, Oct 22,

2015Slide9

TRID Wheel

Personalize

your wheel with Avery Label#

6870

Affix label hereSlide10

TRID Wheel

Flyer is availableon eMarketing

Emailer

is available

on

eDeskSlide11

QUESTIONS?

Know before you close

.

Please let us know.

We

are here to help ensure that you KNOW

BEFORE YOU CLOSE.Slide12

© 2015 Ticor Title

Your CFPB readiness partner – every step of the way

Know before you close.

THANK YOU!

Know before you close.