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