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, it is important for audit, quality control, and compliance purposes to review the numerous questions and uncertainties regarding how to properly complete the Loan Estimate.
For TRID, the first step to reducing compliance risk and minimizing tolerance violations is to ensure the Loan Estimate is accurate and complete. This webinar will examine the Loan Estimate 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 specific disclosure requirements of the Loan Estimate and provide a refresher on formatting, rounding, terminology, and other content requirements. (Note: A line-by-line review of the Closing Disclosure will be provided during the webinar mentioned below.)
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 Loan Estimate disclosure requirements.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.