TRID Amendments 2020-Rebroadcast Webinar

This is a rebroadcast of the Wednesday, January 15th, 2020 program. We encourage all attendees of this rebroadcast to submit questions during the event and will send the submissions to the speaker after the broadcast for a timely reply.

This is a rebroadcast of the Wednesday, January 15th, 2020 program. We encourage all attendees of this rebroadcast to submit questions during the event and will send the submissions to the speaker after the broadcast for a timely reply.

We’re a few years into the TRID rule implementation, and we also have the ‘TRID 2.0’ rules from the CFPB. Also the Dodd-Frank reform bill signed into law in May of 2018 mandated some further revisions. 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! TRID also is top of the list of common violations and problems. The TRID 2.0 changes were meant to correct some outstanding issues with the regulation and make compliance easier. However, they’re very detailed.

This webinar is intended to review and discuss many of the major issues lenders are facing with TRID, including the most recent updates 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.

Covered Topics

  • Most recent amendments to the regulation: TRID 2.0
  • Dodd-Frank reform provisions ‘ what will they do? What can we expect?
  • Criticality of meeting the timing and delivery requirements of the Loan Estimate and the Closing Disclosure
  • Ensuring 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.

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.

View Delivery Options

Related Topics

Instructor

Carl Pry
Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, ... read more.

Course Title Credits Start Date Start Time Delivery Type Delivery Option Instructor / Location Price
TRID Amendments 2020-Rebroadcast 0.25 Any Any Webinar CD-ROM Video Recording Carl Pry $345.00 Register Now
TRID Amendments 2020-Rebroadcast 0.25 Any Any Webinar Six Month On-Demand Recording Carl Pry $295.00 Register Now
Delivery Options

LIVE WEBINAR:
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:
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:
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.

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