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
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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.