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Internal Audit Insight: TRID Tolerance Requirements

TRID compliance is essential for avoiding costly fines and ensuring smooth operations, but its complexities can be daunting.  To help you navigate these requirements, our latest episode of The Internal Audit Insight breaks down the key aspects of TRID Tolerance Requirement disclosures. In this video, you’ll gain a clear understanding of:

• The significance of violations: Understand the potential financial repercussions of non-compliance.
• Tolerance buckets explained: Learn about zero tolerance, 10% tolerance, and unlimited tolerance, and how they affect your disclosures.
• Common pitfalls: Discover frequent TRID issues like fee misstatements and invalid changes of circumstance.
• Leveraging technology: See how the right tools can streamline your processes and keep you compliant.

Don’t let minor oversights turn into major penalties—watch the video above to ensure your organization stays on track.