Demystifying TRID Issues & FAQs for Construction-Only & Construction-to-Permanent Lending
Monday, October 24, 2016
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
Construction-only and construction-to-permanent lending have unique features and are treated very differently under the regulations. With the massive changes to the TILA/RESPA Integrated Disclosures (TRID) what was somewhat complex has become very complex... almost as if construction loans were overlooked when the CFPB completed work on the new TRID documents.
This seminar will attempt to demystify the process and will be based on experiences as well as information provided by the Bureau. There are portions of the rule that are still not clear. Any additional information that is available will be included in this webinar as that information becomes available. Construction lending can be done safely and profitably with a little bit of effort. This webinar will provide proactive best practices.
Continuing Education: Attendance verification for CE credits upon request
- General considerations
- Loan estimates
- Closing disclosures
- Post-closing issues
- TAKE-AWAY TOOLKIT
- Documentation to assist with the construction-only and construction–to-permanent lending process will be part of the presentation handouts
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for anyone involved in the construction-only and construction-to-permanent lending process, including management, lenders, processors, auditors, and others that need this information.
PLEASE NOTE: Webinar content is subject to copyright and intended for your individual financial institution’s use only.