What real estate project, transaction, market trend or product had a significant impact on your industry in 2015? The residential lending and transaction management markets are still awash from the TRID tsunami: the delayed and late-in-the-year implementation of the TILA RESPA Integrated Disclosure regulations and forms on October 3, 2015. These regulations and forms constituted a seismic shift in the landscape for professionals who represent the lender’s interests in a real estate transaction. The HUD-1 settlement statement had acted as something of a lingua franca for how the costs of the conveyance of real property should be depicted on a statement at closing, and to an extent, the industry at large, including the commercial market, is losing that. Tags: