Black Holes in the Mortgage Space

Presented by Mortgage Builder® 

TRID has created some unique challenges in the mortgage industry, including one that has become known as the Black Hole.  These Black Holes relate to changes just before closing and the opportunity to reset tolerances. Melissa Kozicki, Director of Compliance for Mortgage Builder, discusses this compliance challenge.  The recorded webinar covers:

  • How to mitigate losses through a better understanding of Black Holes
  • Operational policies that can help you minimize the cost to cure 
  • Different interpretations of the rule to help you make informed decisions about your policies
  • Examples of Black Holes and what to look for in determining if you can reset tolerances

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