Opting out of the new default trigger date for Paper Fulfillment
Starting on January 1, 2018, DocMagic's default trigger for “print and mail” (paper) fulfillment of initial disclosure packages will be based on the 3-day period following the borrower's application date.
By opting out of this system default you may be at risk of violating the TRID rule or Regulations X and Z (for non-TRID loans), and state laws requiring certain early disclosures to be provided to the borrower within three (3) business days from the creditor’s date of receipt of the borrower’s mortgage loan application.
For questions about this issue, please contact: compliancealert@docmagic.com.