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All Things TRID 2023

This webinar is intended to review and discuss many of the major issues lenders are facing with TRID, including the most recent updates and some continued, unresolved questions, and how to deal with them.

OnDemand
Recorded Wednesday,
March 8th, 2023
Presented by Carl Pry
2h total length
2.5 CRCM Credits
$279.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Lending
  • Lending Compliance
  • Bank Legal Counsel
  • Commercial Lender
  • Compliance Officer
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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Even though TRID has been around for over 7 years now, it continues to confuse and confound. Plus, there have been changes and additions to the rule. You’ve probably run into many of the same issues many of your peers have, and you likely have many of the same questions. TRID is always at or near the top of the list of common violations and problems. There continue to be areas of confusion that need clarity.

This webinar is intended to review and discuss the extensive ins and outs regarding TRID, including the most recent updates 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.

What You'll Learn

  • Detailed TRID coverage requirements – what is covered and what is not?
  • Reform provisions – what will they do? What can we expect?
  • Criticality of meeting the timing and delivery requirements of the Loan Estimate and the Closing Disclosure
  • Ensuring your application process is sound
  • Issues around the content of the Loan Estimate and the Closing Disclosure – specific line items and questions
  • Variations/tolerance issues – what is the “fee tolerance baseline”? When we can issue a revised LE (and/or CD?) How and when should we remediate?
  • Documenting changed circumstances – perhaps the most important thing you can do
  • Changes before closing – is a new waiting period required?
  • Pre-disclosure requirements – collecting fees and obtaining “intent to proceed”
  • Pre-qualifications and pre-approvals (are there such things anymore?)
  • Keeping straight the business day differences and the mailing rule
  • When to rely on automation vs. when not to
  • Proving your good faith efforts to comply
  • Redisclosure and reimbursement – when and how?

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.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Treliant LLC in Washington, DC. Through his more than 30-year working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves as the Chair of the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at scores of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Continuing Education Credit Information

All Things TRID 2023 has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for both Live and OnDemand viewing. For questions on certificates, please email support@oncourselearning.com. Certification holders must report these credits at https://aba.csod.com.

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