Mortgage Glossary
TILA-RESPA Integrated Disclosure (TRID)
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
The TILA-RESPA Integrated Disclosure, known as TRID, is the federal rule that created the Loan Estimate and Closing Disclosure to give borrowers clear, comparable loan terms.
What TILA-RESPA Integrated Disclosure (TRID) means
TRID merged older forms into two documents. The Loan Estimate arrives within three business days of application. The Closing Disclosure must reach you at least three business days before closing. The waiting periods give borrowers time to review costs and catch surprises.
Florida example
A Tampa buyer compared Loan Estimates from three lenders under TRID and chose the one with lower lender fees, then verified the Closing Disclosure matched before signing three days later.
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