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TRID: Changed Circumstances - Triggers and Documentation

Alert for Loan Officers: Learn the critical skills to handle loan changes! Join us for a must-attend webinar on issuing revised Loan Estimates for valid changed circumstances. Don’t miss out on this opportunity to learn how to address and handle changes during the loan application process, reset tolerances, and avoid costly cures.

Upcoming
Thursday, December 12th, 2024
1:30 pm - 3:00 pm
Presented by Molly Stull
2 CRCM Credits
$299.00 or 1 Token

Includes: Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Auditing
  • Compliance
  • Lending
  • Lending Compliance
  • Mortgage Lending
  • Compliance Officer
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Mortgage Lender
  • Training Manager
  • Trainer

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Change happens in every aspect of our life, and the mortgage loan process is no exception. Changes happen for a variety of reasons.

Whether they are initiated by the borrower or information relied on by the lender was changed or was inaccurate, your institution must be prepared to recognize opportunities to issue a revised Loan Estimate that enables critical tolerance levels to be reset as a result of a valid changed circumstance.

Join us as we review what defines valid TRID changed circumstances and how to issue a revised Loan Estimate in a timely manner. Loan file documentation is critical to support the reason for the change and to clearly identify the fees that were directly impacted as a result of the situation.

This webinar is designed to ensure that you are prepared to capture this opportunity to issue a revised Loan Estimate and properly support the lender’s reaction to a change. Sign up now!

What You'll Learn

  • Recognize valid changed circumstances which permit the issuance of a revised Loan Estimate
  • Develop documentation to support resetting baselines for tolerance testing
  • Determine when a revised Loan Estimate must be issued
  • Timing requirements associated with disclosing a valid changed circumstance
  • Importance in documenting the fees impacted as a result of the changed circumstance
  • Distinguish when a revised disclosure was issued for informational purposes

Who Should Attend

This informative webinar is designed for mortgage lenders, loan processors, loan review staff, compliance, risk, and audit personnel.


Molly Stull

Instructor Bio

Molly began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the "why" behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.


Continuing Education Credit Information

TRID: Changed Circumstances - Triggers and Documentation has been approved for 2 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.