StreetLinks National Appraisal Services has announced TILA-Trigger, a technology solution that ensures lenders are in compliance with the new TILA disclosure regulation. The solution allows brokers and correspondents to place appraisal requests without concern for violating TILA disclosure timeframes. Earlier this year, the Federal Reserve Board issued a final rule implementing changes to the Truth In Lending Act (Reg Z) prohibiting the collection of fees from borrowers prior to their receipt of disclosures, as specified by the Mortgage Disclosure Improvement Act (MDIA). TILA-Trigger provides a simple, automated solution to lenders, brokers and correspondents. "Several of our clients approached us for a solution to TILA compliance concerns around appraisal ordering and appraisal payment timeframes. Our IT Department developed a very lender-friendly process," stated Tom Hurst, StreetLinks managing director. "TILA-Trigger gives lenders positive control over the appraisal ordering process without creating more work for their brokers and correspondents." TILA-Trigger allows the ordering party to submit borrower-paid appraisal requests without the need to compute complicated disclosure time periods. The borrower's credit card is verified but not charged until authorization to do so is triggered by the lender via a simple automated integration. "Brokers and correspondents simply place their appraisal requests with StreetLinks as usual and we queue them until we receive automated authorization from the lender to proceed," explained Tony Ebeyer, StreetLinks COO. "Lenders don't need to worry about borrowers being charged before the disclosure waiting period is met." StreetLinks can accept authorization from lenders by various methods, the most efficient of which is a simple integration. "A single person in the lender's IT department can integrate with TILA-Trigger™ in about a half day. It is very simple but provides a secure, failsafe mechanism for TILA compliance," added Aaron Shepler, CSA. For more information, visit www.streetlinks.com.