As a result of heightened regulation, including the enactment of TRID by the CFPB, Kentucky Housing Corporation (KHC) has an obligation to manage its vendors and service providers, including Closing Agents. To comply with such regulations, KHC entered into a Closing Agent Agreement with all Closing Agents who close KHC loans originated by Third Party Originators. These loans close in Kentucky Housing Corporation's name and are funded directly by KHC at the closing table. The TPO lenders are just one business channel. KHC also works with delegated and correspondent lenders.