TRID Amendments 2019 Webinar
This webinar is intended to review and discuss many of the major issues lenders are facing with TRID, including the recent changes, black hole, and some continued unresolved questions and how to deal with them. As well, there are many pain points in both the new loan process and disclosures that we’ll review in order to formulate some best practices.
Webinar Description and Intended Audience
We’re a few years into the TRID rule implementation. How are things going for you? You’ve probably run into many of the same issues many of your peers are, and you likely have many of the same questions. Hopefully it comforts you to know you’re not alone! The regulatory agencies have thus far provided mostly “good faith” compliance exams, and have not yet begun close inspections of the intricacies of TRID. That is beginning to change.
As well, we’ve had some midstream adjustments and changes to TRID – a so-called TRID 2.0. These changes were meant to correct some outstanding issues with the regulation and make compliance easier. However, they’re very detailed. As well, the CFPB has finally dealt with the “black hole,” which arose during the closing process.
This webinar is intended to review and discuss many of the major issues lenders are facing with TRID, including the recent changes, black hole, and some continued unresolved questions and how to deal with them. As well, there are many pain points in both the new loan process and disclosures that we’ll review in order to formulate some best practices. We’ll talk specifics about the Loan Estimate and Closing Disclosure, as well as some of the frequent violations discovered so far.
- Recent amendments to the regulation: TRID 2.0
- Criticality of meeting the timing and delivery requirements of the Loan Estimate and the Closing Disclosure
- Insuring your application process is sound
- Issues around the content of the Loan Estimate and the Closing Disclosure – specific line items and questions
- Variations/tolerance issues – what is the “fee tolerance baseline”? When we can issue a revised LE (and/or CD?) How and when should we remediate?
- Documenting changed circumstances – perhaps the most important thing you can do
- Changes before closing – is a new waiting period required?
- Pre-disclosure requirements – collecting fees and obtaining “intent to proceed”
- Pre-qualifications and preapprovals (are there such things anymore?)
- Keeping straight the business day differences and the mailing rule
- When to rely on automation vs. when not to
- Proving your good faith efforts to comply
- And much more
Who Should Attend?
Anyone in the institution having responsibilities in the consumer mortgage environment, including loan officers, processors, clerks, closing agents, and so forth. Also compliance officers and counsel will benefit from the information provided in this webinar.
Webinar Viewing Options
INCLUDES 7 DAYS OF UNLIMITED ONDEMAND PLAYBACK! With this option, you will participate in the webinar live, via the internet. 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:
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 a very effective training tool. The OnDemand Video will be available to you (and anyone else in the company) for 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.
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 any applicable handouts and a CD-ROM (featuring the full-color PowerPoint presentation with audio) 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.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.