Large regional lenders rely on the expertise of specialists like Prism Title to navigate through the requirements of TRID.

Des Plaines, Illinois – November 21, 2015, At the request of several regional lenders and real estate firms, Prism Title recently began servicing title needs for Wisconsin Realtors and Lenders across all of Southeastern Wisconsin. Prism Title will be initially setting up closing offices in Brookfield, Peewauke and Wauwatosa. The new TRID rule, TILA-RESPA Integrated Disclosure, was brought forth by the CFPB, and has had a sweeping impact on the real estate market through the implementation and compliance costs it requires. The new rules affect the entire mortgage-lending industry, including lenders, service providers, appraisers, escrow agents and virtually anyone with a relationship to the mortgage lending process.

“With TRID changing the way we do business, we have to rely on our key business partners to make the transition successful and to eliminate potential issues along the way. Prism Title has been a key business partner in Illinois for many years and we are excited to have them also supporting us in Wisconsin,” says Brian Tomalak, Regional Sales Manager, BBMC Mortgage, LLC.

“TRID has been an accelerant for our growth as the quality aspect of title services has transitioned from being a ‘nice to have’ into being a ‘need to have’,” explained Robert Bingham, President of Prism Title Services.

“Prism Title is one of our longest standing title relationships for a very good reason – they are accurate in that they deliver and they are always responsive”, says Kiley King, Regional Sales Manager, BBMC Mortgage, LLC.

“With the rollout of TRID, we need numbers to be right the first time, Prism Title gives us that.” explains Donna Cameron, Senior Loan Processor, Interfirst Mortgage Corporation.

Prism Title is a full-service title, settlement and vendor management services company serving real estate companies, attorneys, and financial institutions in support of residential and commercial real estate transactions. Prism operates in 43 states to provide a range of title and closing services both direct and through national title partners.

Prism is known for its industry-leading customer care and the depth of its title expertise. For the last ten years, Prism has been a recognized leader providing national title solutions. Prism Title writes title insurance through four of the largest and most respected underwriters in the country. These are Chicago Title Insurance Company, Fidelity National Title Insurance Company, First American Title Insurance Company and Stewart Title Guaranty.

More information about Prism Title Services, LLC, is available at: www.prismtitle.com

Media Contact:

Prism Title / I.C.O. Robert Bingham
Attn: Media Relations Department
1011 E. Touhy Avenue, Suite 350
Des Plaines, IL 90036
Ph: (888) 723-2213
rfbingham@prismtitle.com

Reference:
http://www.housingwire.com/articles/34081-its-official-cfpb-will-grant-grace-period-on-trid-enforcement