Revisiting TRID Line-by-Line Part 2: Closing Disclosure

Jun 06, 2017 03:00pm -
Jun 06, 2017 04:30pm
(GMT-5)

Event Description

Since October 3, 2015, mortgage lenders have been under the CFPB’s TILA/RESPA Integrated Disclosure (TRID) requirements for applications.  This operational experience has resulted in a certain comfort level with the TRID disclosures.  However, to be in compliance, audit and quality control processes must be in place.  The Closing Disclosure is complex and has transaction-specific requirements.   While many lenders work with settlement agents to prepare and finalize the Closing Disclosure, TRID places the obligation on the lender to ensure accurate and complete disclosures.

The five-page Closing Disclosure contains numerous calculations, disclosures, and other information for borrowers – and a lender’s obligations can vary depending on the type of transaction or loan product.  This webinar will examine the Closing Disclosure line-by-line and pay particular attention to the differences in purchase, refinance, and home equity transactions.  Additionally, the requirements for both fixed-rate and adjustable-rate mortgages will be addressed.  Sample and annotated model forms will be used to demonstrate disclosure requirements in specific situations.  This training will revisit the disclosure requirements of the Closing Disclosure and provide a refresher on formatting, rounding, terminology, and other content requirements.  (Note:  A line-by-line review of the Loan Estimate was provided during the webinar mentioned below.) 

Highlights:

  • Line-by-line review of the Closing Disclosure requirements
  • Closing Disclosure variations based on transaction specifics
  • Providing tolerance cures via lender credits
  • Analysis of sample forms to demonstrate compliance
  • Tips for pinpointing regulatory sections for additional research and confirmation
  • Analysis of required calculations and disclosure obligations 

Take-Away Toolkit:

  • Guide for understanding the Closing Disclosure requirements
  • Sample Closing Disclosure forms and annotated forms showing regulatory and legal citations
  • Employee training log 
  • Quiz you can administer to measure staff learning and a separate answer key

 

Attendance verification for CE credits provided upon request.

Who Should Attend?

This informative session is designed for mortgage lenders, compliance staff, and audit teams.  Having representatives from each department will ensure everyone is on the same page regarding the Closing Disclosure requirements. 

Registration Options:

If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.


Event Type:Webinar &/or On-Demand Link/CD
Early registration ends on May 03, 2017.
Regular registration starts on May 04, 2017 and ends on Jun 05, 2017.
Late registration starts on Jun 06, 2017.
(GMT-05:00) Eastern Time (US & Canada)

 

Registration Fees
Fee TypeEarlyRegularLate
 Live Webinar
Member Fee: $265.00$265.00$290.00
Non-Member Fee: $400.00$400.00$425.00
 Additional Hookups
Member Fee: $175.00$175.00$175.00
Non-Member Fee: $260.00$260.00$260.00
 Recorded Webinar + Free Digital Download
Member Fee: $345.00$345.00$345.00
Non-Member Fee: $490.00$490.00$490.00
 Both Live Webinar and Recorded Webinar + Free Digital Download
Member Fee: $395.00$395.00$420.00
Non-Member Fee: $600.00$600.00$625.00