Is TRID Affecting Your MLS too?

[Jerome Harrod II]

Hey there,

I just got an email from my MLS, (Mine is "MRIS") stating this:

"As a result of the new TRID rules, some agents will not get a copy of the new settlement sheets and/or the purchaser has requested that the mortgage information is not to be entered into MRIS.

If you do not have the information for the Loan Type 1st Trust (FHA, Conventional, etc.) and Loan Amount 1st Trust required fields, you may enter "Unknown" in the Loan Type 1st Trust field and enter "0" in the Loan Amount 1st Trust field so you can change the status of your listing to SOLD."

If I'm understanding this correctly, does this mean now even finding Cash Buyers through reverse sold searches just became difficult for agents with MLS access?

I wonder how many more changes are coming, Has anyone else got the same change or even more? Just curious.