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TRID: Common Violations, Gray Areas, and Regulatory Concerns

Even though we’ve been living with the TILA-RESPA Integrated Disclosures (TRID) rule for over a decade now (believe it or not), compliance can be frustratingly elusive. The rules are so detailed and prescriptive that 100% accuracy is near impossible. Scrutiny of TRID disclosures is traditionally 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.

Upcoming
Wednesday, March 12th, 2025
10:00 am - 12:00 pm
Presented by Carl Pry
2.5 CRCM Credits
$299.00 or 1 Token

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

  • Compliance
  • Lending
  • Lending Compliance
  • Bank Legal Counsel
  • Branch Manager
  • Compliance Officer
  • Facilities Manager
  • Internal Auditor
  • Loan Closer
  • Loan Operations Manager/Specialist
  • Senior Management
  • Training Manager
  • Trainer
  • Workout Specialist/Collector

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TRID is like the gift that keeps on giving. 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.

What You'll Learn

  • Coverage issues – straightforward but still a challenge
  • Application issues – data points, preapprovals, and more
  • TRID is a timeline – the complicated timing rules of TRID: the 3-day LE rule, 7-day LE rule, and the 3-day CD rule. Making sure you count correctly.
  • Problems with disclosure of various fees
  • Providing a revised loan estimate – when can you do this? How does it impact tolerance issues?
  • Changed circumstances – what this does and what it does NOT do
  • Proper calculation of tolerances/variances – what is your baseline?
  • Closing loans properly
  • Corrected CDs – timing is everything
  • Redisclosure and reimbursement after closing
  • Making sure your procedures are comprehensive
  • And many more, with a focus on the problem areas

Who Should Attend

This session is ideal for loan officers, compliance professionals, auditors, QA/QC staff, processors, management, legal staff, and anyone else involved in the consumer mortgage application, processing, and closing processes.

Carl Pry

Instructor Bio

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Advisor for Asurity Advisors 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

TRID: Common Violations, Gray Areas, and Regulatory Concerns 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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