What is TRIDShare™?

TRIDShare™ is a unique and simple online tool that can help lenders collaborate with settlement agents and other business partners involved in the closing of a TILA-RESPA Integrated Disclosure Rule ("TRID") covered residential mortgage loan. The TRID rule fundamentally changes the closing process work flow. Most lenders will prepare the Closing Disclosure, instead of the settlement agent. TRIDShare™ was designed to bridge that gap by allowing each party to share and work together.

What makes TRIDShare™ unique?

TRIDShare™ is completely platform independent! It will work with any LOS and any settlement agent system. It is a flexible web-based application hosted in the cloud. TRIDShare™ makes sharing loan information easy. The architecture accommodates both the largest and smallest lender and settlement agent.

How does it work?

Start the sharing process by opening a new transaction and uploading loan information from an LOS or any closing system, or start from scratch on screens that look and feel just like the Loan Estimate and Closing Disclosure. Then, invite settlement agents or other parties to share. You can invite as many people as you want. Each person you invite will have the same abilities to input or upload suggested loan information. Totals and subtotals are calculated in real time. Changes and conflicts are accepted or rejected by the person that started the transaction, the owner of the file. Each party can download the latest information to back-fill their respective systems for closing.

Is it secure?

YES! All internet traffic is encrypted using TLS 1.2 and 256-bit AES Encryption. Minimal loan information is stored online, just the fees. We do not keep any other information. TRIDShare™ runs on Amazon’s state of the art cloud computing platform known as AWS.

Are other TRID Tools included?

YES! A simultaneous issue of owner and lender title policy calculator that calculates the disclosure and adjustments for title policies per new CFPB requirements, a construction loan reserve CFPB holdback calculator, and a filing fee collaborating calculator.

How much does it cost?

TRIDShare™ users are billed by transaction on a monthly basis. Each transaction can have unlimited invitees and unlimited iterations of collaboration. Only the person that started the share is billed. No long term contracts. No set up fees. No minimum usage.

How do I get started?

Registration is quick, easy, and free. Simply click here to get started.