Analyzing TRID Tolerance Cures: Clarifying the Confusion

May 09, 2018 03:00pm -
May 09, 2018 04:30pm
(GMT-5)
As we transition to a new online membership platform, CBAO will not be processing online orders from September 21-30. Please call our office at (614) 846.8124 to register for a webinar or an event. Thank you!

A list of upcoming events is presented below:

Event Description

The TILA/RESPA Integrated Disclosure (TRID) requirements continue to cause confusion for mortgage lenders.  Specifically, the TRID tolerance levels and properly conducting the good-faith analysis of fees and charges are key concerns during TRID examinations and audits.  This webinar will review mortgage lenders’ obligations to track, monitor, and comply with the various TRID tolerance levels.  Examples will be used to demonstrate proper calculation of the 10% cumulative tolerance category and the associated good-faith analysis.

The training will analyze the increased difficulty presented by situations where multiple loan estimates have been issued and the need to determine which fees and charges to use for the good-faith analysis.  Lenders’ options and requirements for providing tolerance cures will also be addressed.  Attendees will learn TRID tolerance levels, best practices for tracking fees and charges, and the requirements for curing tolerances on the closing disclosure.

Highlights:

  • Conducting the good-faith analysis for tolerance violations
  • Examples of when a revised loan estimate can “reset” tolerance levels
  • Best practices for tracking revised disclosures and the appropriate fees for the good-faith analysis
  • Options for providing tolerance cures on the closing disclosure
  • Post-consummation events triggering a tolerance cure and corrected closing disclosure

Take-Away Toolkit

  • Types of businesses and required documentation
  • Examples of tolerance violations and cure processes
  • 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 TRID tolerance levels and required cures.

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 Apr 03, 2018.
Regular registration starts on Apr 04, 2018 and ends on May 09, 2018.
Late registration starts on May 10, 2018.
(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