The TILA-RESPA Integrated Disclosures (TRID) rule requires that once certain pieces of information have been collected from a potential borrower, they must be provided with a loan estimate within 48 hours.
TRID requires six pieces of information:
The borrower's name
The borrower's income
The borrower's Social Security Number
The address of the property being purchased or refinanced
An estimate of the property's value
The loan amount
Sonar will automatically track these requirements and alert you when all six have been entered.
The message "Disclosures Due" will appear when a loan has satisfied TRID requirements.
You can easily filter for loans with disclosures due in the Pipeline with the System Layout "Disclosures Needed".
Once the Key Date for "Disclosures Sent" has been set, the "Disclosures Due" message will disappear.