The constant change to mortgage disclosures has resulted in numerous revisions to lenders’ procedures, including the timing of disclosures to applicants and borrowers. This program will review the timing requirements for various mortgage loan disclosures and analyze the required timeframes for providing HELOC and closed-end consumer mortgage transaction disclosures. Specific attention will be paid to the timing requirements for the Loan Estimate, Closing Disclosure, and other TRID-related disclosures, including the Written List of Providers. Lenders will learn when a revised Loan Estimate is required and when revised Loan Estimates can be issued to reset tolerance levels. Rescission notices, escrow closing notices, and mortgage servicing transfer notices will also be covered.
Examiners and auditors are focusing on mortgage loan disclosures and regularly cite lenders for compliance violations related to late or missing disclosures. Attendees will receive details on the various required mortgage loan disclosures and specific timeframes and will be able to use that information to perform audits and analysis of their disclosure procedures.
Attendance verification for CE credits provided upon request.
Who Should Attend?
This informative session is designed for consumer lenders who originate HELOCs and closed-end mortgage transactions, mortgage lenders, compliance staff, and audit teams.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.