We’re a few years into the TRID rule implementation. How are things going for you? You’ve probably run into many of the same issues many of your peers are, and you likely have many of the same questions. Hopefully it comforts you to know you’re not alone! The regulatory agencies have thus far provided mostly “good faith” compliance exams, and have not yet begun close inspections of the intricacies of TRID. That is beginning to change.
As well, we’ve had some midstream adjustments and changes to TRID – a so-called TRID 2.0. These changes were meant to correct some outstanding issues with the regulation and make compliance easier. However, they’re very detailed. As well, the CFPB has finally dealt with the “black hole,” which arose during the closing process.
This webinar is intended to review and discuss many of the major issues lenders are facing with TRID, including the recent changes, black hole, and some continued unresolved questions and how to deal with them. As well, there are many pain points in both the new loan process and disclosures that we’ll review in order to formulate some best practices. We’ll talk specifics about the Loan Estimate and Closing Disclosure, as well as some of the frequent violations discovered so far.
Who Should Attend?
Anyone in the institution having responsibilities in the consumer mortgage environment, including loan officers, processors, clerks, closing agents, and so forth. Also compliance officers and counsel will benefit from the information provided in this webinar.
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.