Tuesday
Oct 15
2019

Mortgage Lending Hot Spots Series: Demystifying Rules for TRID Tolerances

Registration Options & Pricing

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Recorded Webinar Includes

  • Recording of the Live Webinar
  • Available 6 business days following Live date
  • Available for 6 months following Live
  • Handout and Take-Away Toolkit
  • Available on Desktop, Mobile & Tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your credit union
  • Presenter’s contact info for follow-up
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9:00 am – 10:30 am HST
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

The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex and this fact is quite clear in the various tolerance rules, restrictions, and calculations. Mortgage lenders are faced with a complicated analysis of tolerance levels, written lists of service providers, changed circumstances, revised Loan Estimates, Closing Disclosures, tolerance resets, and tolerance cures. This webinar will cut through the confusion and provide clarification on the Consumer Financial Protection Bureau’s latest interpretations to ensure you understand TRID tolerance standards and limiting tolerance cure scenarios.

Join us to learn more about mortgage lenders’ obligations to comply with the various TRID tolerance levels. Examples will be used to demonstrate proper calculation of the 10% cumulative tolerance category and associated good faith analysis. This program will also analyze the increased difficulty presented by situations where multiple Loan Estimates have been issued or where a Closing Disclosure or corrected Closing Disclosure has been used to reset tolerance levels.

Attendance certificate provided to self-report CE credits.

Save with this series!

HIGHLIGHTS

  • Conducting the good faith analysis for tolerance violations
  • Tolerance levels and options for providing tolerance cures
  • When a revised Loan Estimate or a Closing Disclosure can reset tolerance levels
  • Best practices for tracking revised disclosures and appropriate fees for the good faith analysis
  • Review of June 1, 2018, TRID amendment allowing the use of a Closing Disclosure to reset tolerances

  • TAKE-AWAY TOOLKIT
    • Examples of tolerance violations and cure approaches
    • Summary of the June 1, 2018, TRID amendment impacting tolerance levels
    • Employee training log
    • Interactive quiz

WHO SHOULD ATTEND?

This informative session is designed for mortgage lenders, compliance staff, and audit teams.

 

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

MEET THE PRESENTER

Howard & Howard Attorneys PLLC
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