Training realtors for upcoming TRID implementation in full-swing at Mountain America Credit Union

WEST JORDAN, UT (July 15, 2015) — Mountain America Credit Union, in partnership with Pavaso, will host an upcoming training for real estate agents concerning the “Know Before You Owe” mortgage disclosure rule. The rule, also called TILA-RESPA Integrated Disclosure (TRID), requires new mandatory disclosures, updated waiting periods and a host of complex compliance requirements.

“Many people hope that the effective date of the ruling will be moved again, postponing the requirement to comply,” indicates Amy Moser, VP of mortgage services at Mountain America. “The rule is going to be implemented so why not take the time to understand the changes, ask your questions and then review your business processes. Look for ways that you can successfully integrate the changes with minimal impact to your clients.”

Moser is leading Mountain America’s charge for early understanding and preparation to adopt the new disclosures. Mountain America and Pavaso were introduced in 2014 when they were paired up as participants in the Consumer Financial Protection Bureau (CFPB) e-Closing pilot – a study designed to observe the effectiveness of technology on consumer education and its utilization in the closing process.

“Even with the TRID go-live date extended, the industry is still fearful of the increase in time to close and the costs associated with complying with the regulations,” states Nancy G. Pratt, VP of operations and eStrategy at Pavaso, Inc. “In many ways, realtors are the face of the real estate transaction to the consumer. As such, they need to be clearly informed of the changes and the impact it will have on their customers.”

The rule’s effective date was recently moved from August 1, 2015, to October 1, 2015. The CFPB is considering moving the date again – but only to October 3, 2015.

The upcoming training will be held on Thursday, July 16, 2015, at Mountain America Credit Union’s Tanner Building, located at 7167 S. Campus View Dr. in West Jordan, Utah. Register today at

About Mountain America

Mountain America Credit Union has more than $4.7 billion in assets and serves more than 530,000 members, wherever they are, through online and mobile banking, 84 branches in five states and access to more than 30,000 ATMs and 5,000 shared-branching locations nationwide. With roots dating back to the 1930s, Mountain America offers a variety of financial products and services for consumers and businesses, including savings accounts, auto loans, checking accounts, mortgage loans, business checking, student loans, SBA loans and retirement options. Visit for more information.

About Pavaso

Pavaso is redefining real estate for the real world by connecting everyone in the real estate lifecycle through powerfully simple innovation. For more information on how our platform and solutions can help you meet TILA-RESPA compliance, digitally transform your organization, and dramatically enhance the consumer experience, call us at 866.288.7051 or visit

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