Mortgage+Care Now Compliant with
TRID/TILA-RESPA Integrated Disclosure


July 13, 2015 - SAN JUAN CAPISTRANO, Calif. -- Creators of the Mortgage+Care Loan Origination and Loan Servicing Software platform, today officially announced the release of their TILA-RESPA Integrated Disclosure or “TRID” compliant software.

“Although the use of the new TRID disclosure isn’t required until October 3, 2015 we wanted to release it early so people can get geared up and trained on its use.”, said Support Manager Alex Schriver. Lenders are required to continue using the TIL and GFE with their consumer and owner occupied home loans until this date. The use of this new document applies to most closed-end consumer mortgages. It does not apply to business purpose loans, home equity lines of credit (HELOCs), reverse mortgages, or mortgages secured by a mobile home or by a dwelling that is not attached to real property or land.

Creditors are required to provide the new closing disclosure three business days before consummation of the loan and if changes are made disclosure must be remade and this must also be done three days before consummation of the loan.

Creditors may estimate disclosures using the best information reasonably available when the actual term or cost is not reasonably available to the creditor at the time the disclosure is made. However, creditors must act in good faith and use due diligence in obtaining the information. The creditor normally may rely on the representations of other parties in obtaining the information, including, for example, the settlement agent.

Additional information can be found at the Consumer Financial Protection Bureau website -

About Mortgage+Care:

Since 1983 Mortgage+Care has provided lenders and loan servicers with high-quality software solutions. Mortgage+Care products are used by a growing number of lending organizations all around the world. For more information, visit


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