Closing Disclosure Reviewer
A loan can be cleared by underwriting and still not be legal to fund - a lender fee that crept above the Loan Estimate with no changed circumstance, an understated APR, or a Closing Disclosure delivered too late to satisfy the three-day rule. This assistant compares each CD to its Loan Estimate against TRID tolerance rules, then recommends clear-to-close, re-disclose, or hold - landing as one row for a closer to confirm.
Category: Finance
How it works
- A Closing Disclosure comes in - itemized fees, APR and finance charge, the loan terms, and delivery date - alongside the borrower's Loan Estimate and your TRID review checklist.
- It compares the two: zero-tolerance lender fees that increased without a documented changed circumstance, the 10% cumulative bucket, APR and finance-charge accuracy, and whether the three-business-day delivery timing is satisfied.
- It returns a decision - clear to close, re-disclose & cure, or hold - with the compliance risk, the flagged items tied to their rule basis, and reviewer notes.
- Every review lands as one row in your queue for a loan closer or compliance reviewer to confirm before the file funds.
Key benefits
- Catch zero-tolerance fee increases that require a borrower cure
- Flag understated APRs before they trigger a redisclosure
- Confirm the three-business-day timing before consummation
- Give closers an audit-ready record on every file
Use cases
- Loan closers and funders clearing files to close
- Mortgage compliance and post-closing QC teams
- Title and settlement agents preparing disclosures
- Lenders and credit unions enforcing TRID tolerances
Good to know
No external connection - your Loan Estimates, Closing Disclosures, and TRID rules stay in your workspace. The assistant compares fees, APR, and timing, then flags issues and recommends a decision; it never clears a loan to fund or issues a cure on its own. A closer or compliance reviewer confirms every file.
Frequently asked questions
Does this assistant automatically clear a loan to fund?
No. It compares the CD to the LE and recommends a decision (clear to close, re-disclose, or hold), but a human closer or compliance reviewer must confirm every file before funding.
Which TRID rules does it check?
It checks zero-tolerance lender fee increases, the 10% cumulative tolerance bucket, APR and finance-charge accuracy, and the three-business-day delivery timing rule.
Do I need to connect any external apps to use it?
No. It works entirely within your Gaia workspace using your uploaded Loan Estimates, Closing Disclosures, and TRID review checklists - no external integrations required.
Can I customize the tolerance rules it checks?
Yes. You can adjust the TRID review checklist in your workspace to match your specific tolerance thresholds or add additional rule checks.
How does the assistant handle a fee that increased with a changed circumstance?
It flags the increase and checks for a documented changed circumstance. If one is present, it may still recommend re-disclosure if the documentation is missing or insufficient.
