A pro forma invoice is the same as a commercial invoice which, when used in international trade, represents the details of an international sale to customs authorities.
TRID requires process changes to the loan origination life-cycle, particularly in the way that lenders approach the closing of loans. Under the new rule, the closing process needs to be at least three days ahead to meet the Closing Disclosure timing requirement.
Once the Broker/LO has obtained the six (6) core items of a TRID application, they must prepare and deliver the Loan Estimate to the applicant. The Broker/LO should sign the 1003 as the interviewer on the date all six (6) items are known.