Completing the TRID Closing Disclosure Line-by-Line

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

TRID has consumed much of the compliance “oxygen” during the last few years. As rules and guidance evolve, examiners look deeper into institutions’ practices and procedures. Learn how to properly complete the TRID closing disclosure for a variety of loans, including single and separate closings on construction loans.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Describe field requirements for each section of the closing disclosure (CD)
• Understand requirements for single-close, and separate construction- and permanent-phase closings for construction loans
• Review projected payment amounts and other calculations for accuracy
• Test charges subject to tolerance standards
• Identify when a corrected CD is required

WEBINAR DETAILS

Over the last few years, significant compliance efforts have been devoted to implementing TRID and ensuring timely, accurate disclosures are provided to borrowers. TRID rules are continuing to grow and evolve with recent guidance for construction loans. In addition, examiners are delving deeper into financial institutions’ disclosures and processes to ensure applicants and borrowers are provided accurate documents.

This session will review sample integrated disclosures for fixed-rate, adjustable-rate, and construction loans. While reviewing these documents, the presenter will address regulatory requirements, dive into the guidance, and review common closing disclosure errors.

Attendance certificate provided to self-report CE credits.

WHO SHOULD ATTEND?

This informative session is designed for loan officers, loan operations personnel, compliance officers, and internal auditors.

TAKE-AWAY TOOLKIT

• TRID tolerance chart
• Formulas to test TRID calculations
• Completed sample forms
• Employee training log
• Interactive quiz

NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.