Top 10: Focusing on the TRID Issues that Matter Most

Compliance Lending Senior Management & Directors

On-Demand Webinar

StreamedSep 26, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Got TRID violations? If so, you are not alone.

They are among the top issues cited by examiners. TRID rules continue to grow and evolve, and examiners are diving deeper into disclosures and processes to ensure accurate documents are being provided to applicants and borrowers. Join us to learn about the rules and regs and how to avoid the top 10 errors.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Define loans covered by TRID rules
Describe field requirements in each section of the Loan Estimate (LE) and Closing Disclosure (CD)
Distinguish between a loan’s purpose under TRID versus HMDA versus URLA
Explain when a revised LE is necessary
Understand requirements for single-close, separate construction, and permanent-phase closings for construction loans
Review projected payment amounts and other calculations for accuracy
Test charges subject to tolerance standards
Recognize when a corrected CD must be provided to the borrower

WEBINAR DETAILS

TRID continues to top the list of violations most cited by examiners. The issues may be as small as a missed checkbox or as large as a fee increase that results in a tolerance cure. The compliance efforts of your loan operations team over the last several years have likely been devoted to understanding when TRID applies and ensuring disclosures are provided to borrowers in a timely, accurate manner.

This session will review sample disclosures for fixed-rate, adjustable-rate, and construction loans. It will address regulatory requirements, dive into guidance, and review the 10 most-cited errors when completing the LE and CD.

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
Sample completed forms
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

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