New TILA-RESPA Integrated Disclosure (TRID) Rule: Are You Ready? Webinar
It’s close to the bottom of the ninth inning in the TRID game. How is your bank doing? One of the biggest mistakes lenders are making is to assume the new rules are just about paperwork: we’re just replacing one set of disclosures for another, right? Wrong (see complete description below).
Click Here for Webinar Description and Audience
It’s close to the bottom of the ninth inning in the TRID game. How is your bank doing? One of the biggest mistakes lenders are making is to assume the new rules are just about paperwork: we’re just replacing one set of disclosures for another, right? Wrong.
While new paperwork is a big part of the rules – and that change has many unintended impacts in itself – the rules are really about process change. Your loan officers, processors, closing agents, and third parties will all be impacted in ways many haven’t yet thought about. Add to this the increased liabilities added by the rules for not doing it right, and the risk presented for not being ready becomes unacceptable.
This webinar is intended to review the changes to process the rules will present. What are the unintended consequences? What are the areas many won’t think about? What questions should you be asking right now? These are a few of the questions we’ll address.
•What the new disclosures are all about
•Completing the new disclosure forms
•New timing requirements
•Liabilities and responsibilities
•Unified definition of “application” – what this means for pre-qualification and pre-approval programs
•Dealing with third parties, including your software vendors
•Strict rules on redisclosures – both the Loan Estimate and Closing Disclosure
•What to do about mistakes?
•Loan types where Reg. Z disclosures will still be required
Who Should Attend?
This interactive session will give an in-depth understanding of the new rules and is imperative for anyone performing duties in consumer mortgage areas of the institution. This includes loan officers, processors, closing agents, underwriters, supervisors, auditors, compliance officers, auditors, counsel, and others working in these types of positions.
Click Here for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click Here for Viewing Option Descriptions
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!
SIX MONTH ONDEMAND VIDEO RECORDING:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
CD-ROM VIDEO RECORDING:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.