Rob Henger, a mortgage banking executive, supports the CFPB's goal of reducing regulatory burden and proposes modernizing TRID and Loan Originator Compensation rules. He argues for replacing transaction-level enforcement with lender performance metrics, updating outdated paper-based timing requirements to electronic acknowledgments, and allowing for more flexible, transparent compensation schedules.

A settlement agent with over 30 years of experience argues that the Closing Disclosure (CD) is too long and confusing for consumers, making it less effective than the old HUD settlement sheet. The commenter advocates for a simplified "settlement sheet" format and expresses frustration over the time-consuming nature of preparing the CD and the lack of time borrowers have to review it.

The commenter, representing a title company, describes difficulties in obtaining accurate and timely figures from lenders prior to real estate closings. They highlight how incomplete data from lenders causes delays and communication gaps for real estate agents and their clients.