It’s just before closing, a new disclosure is due,
To allow the consumer, an amble review.
The fees need be listed in each Section with care,
With loan costs reflected to allow for compare.
What had been presented in disclosures sent prior,
Now, must be updated for both Seller and Buyer.
All terms of the loan made clear and concise,
The information provided must be precise.
No deviation allowed from the rules of construction,
This Closing Disclosure must be done to perfection.
Now Realtor, now Attorney and Agent and Lender!
On LO, on Underwriter and Closer and Vendor!
All working together to provide what is needed,
To service the consumer, with rules being heeded.
So each lender must be ready with systems in place,
To meet the new challenges from TRID all will face.
Don’t wait ‘til last minute to scurry and run,
Be proactive in doing what needs to be done.
The outlook looks good for new mortgage lending,
With home values up and the economy mending.
So I wish you all joy, good tidings and cheer,
For a very Merry Christmas and a Happy New Year!