Even several years after the TILA-RESPA Integrated Disclosures (TRID) rule has been effective, along with a couple tweaks by the CFPB, compliance has been elusive. The rules can be so detailed and prescriptive that 100% accuracy is near impossible. After a year of light-touch exams, where lenders were expected to demonstrate a “good faith effort to comply,” scrutiny of TRID disclosures has become quite intense. Plus, when you consider the legal liability of inaccurate disclosure of the many fees, identifying the many hot spots of TRID becomes paramount.
In this webinar, we’ll explore those hot spots, gray areas, and frequently-violated provisions. We’ll spend time discussing the timing of the various disclosures (which can get quite complicated), disclosure of fees, and calculating tolerances and potential reimbursement issues. Our goal is to ensure you understand where the TRID rules can create uncertainty and risk, and insulate your institution as much as possible from noncompliance.
Who Should AttendLoan officers, compliance professionals, auditors, QA/QC staff, processors, management, legal staff, and anyone else involved in the consumer mortgage application, processing, and closing processes will benefit from the information in this webinar.
Continuing Education Credit Information
Most Common TRID Issues has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. For questions on certificates, please email email@example.com. Certification holders must report these credits at https://aba.csod.com.