[TheBank]

Our bank allows shopping for title service providers and we provide a list of at least 1 provider that provides services in our market. Must our list also now only state the exact title services needed for each individual loan?
In other words, for a purchase state lenders and owners title insurance as well as a settlement / closing fee and a title search/exam on the List. However if the loan is for a refinance of a loan within our bank, and we would only require a title search/exam then the title service provider list would only list the title search / exam for that loan.

Does TRID 2.0 require the Service Provider List to be that specific, by transaction?

Topic

[rcooper]

Yes, that is correct. It would need to correspond with the settlement services for that transaction.

1026.19(e)(1)(vi)-3 states: The settlement service providers identified on the written list required by § 1026.19(e)(1)(vi)(C) must correspond to the required settlement services for which the consumer may shop, disclosed under § 1026.37(f)(3).

[Author]

Replies