Profile for User: rkoske

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  • in reply to: 2019 Derby Contest #15355
    rkoske
    Member

    Tax, Rita Koske, Citizens National Bank, N.A., Group 3

    in reply to: TRID Amendments Question #13237
    rkoske
    Member

    Since posting this question, I have listened to the recording “TRID Last Minute Update (Part 2)” and Jack addressed this issue in that webinar beginning at about the 18 minute mark. He says, and I paraphrase, that most software systems cannot handle informational disclosures because it assumes that it is a tolerance reset situation and it resets the tolerance when it shouldn’t. It may be better to stay away from issuing informational disclosures unless your software vendor has updated the system to issue them correctly. Developing a process to do these manually is an option.

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