2015 STRATMOR PeerViews Post-TRID Underwriting Practices

DESCRIPTION OF POST-TRID UW PRACTICES SURVEY

In the face of TRID and other new compliance requirements, many lenders have changed or are considering changes to how they perform underwriting functions. Many lenders, therefore, have expressed to us a keen interest in the answers to such questions as:

  • Have other lenders implemented or are they considering different Underwriter levels and/or specialty Underwriters?
  • Have lenders revised their Underwriting process flows?
  • Have they changed who can clear conditions?
  • Do they permit Underwriters to work from home?
  • What new edits have they added to their LOS systems that assure re-Underwriting when certain data has changed?
  • What tools have been provided to Underwriters to ensure compliance with QM requirement

To download a copy of the questions from this survey, click here.

RESPONSE DATA FOR POST-TRID UW PRACTICES SURVEY

 Launched Date:  October 2, 2015
 Closed Date:  November 6, 2015
 Individuals Invited:  1,718
 Companies Invited:  598
 Respondent Companies:  54


 Respondent Type Respondent #  Respondent %
 Independent Mortgage Co 23  42.6%
 Bank Owned/Affiliated 23   42.6%
 Credit Union/Affiliated    4          7.4%   
 Builder/Realtor Affiliated   4        7.4% 



PURCHASE POST-TRID UW PRACTICES SURVEY RESULTS

PRICING:

Detail Report - Participant $250

Detail Report - Non-Participant $500

TO PURCHASE, CLICK THE PURCHASE BUTTON BELOW.


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