TRID Breakdown Part 1: Loan Estimate for Fixed-Purchase, Variable-Refinance & Construction-Perm

Compliance Lending

On-Demand Webinar:

StreamedOct 5, 2023Duration90 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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Do you know the regulatory violation most often cited during compliance exams?

Hint: it involves Reg Z, and the mistakes usually contain a TRID component. Attend this two-part series to learn how to avoid those errors and comply with the regulations – before your next exam.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Identify loans covered by TRID rules
Determine when you have an application under the rules
Distinguish the different meaning of “purpose” under TRID, HMDA, and URLA
Detail disclosure requirements for pre-qualifications and pre-approvals
Meet the timing and delivery requirements for the Loan Estimate
Explain when a revised Loan Estimate is necessary
Understand requirements for single-close and separate construction and permanent-phase closings for construction loans
Test your projected payment amounts and other calculations for accuracy

WEBINAR DETAILS

Issues with Reg Z are the number one cited violation during regulatory compliance exams – and many of the errors involve TRID. The examiners are digging deeper into disclosures and processes to ensure accurate documents are being provided to applicants. What issues are the examiners finding and how can you avoid similar errors?

Part 1 of this two-part series will review sample Loan Estimates for fixed-rate, variable-rate, and construction loans. Throughout the webinar, the presenter will discuss regulatory requirements, dive into the guidance, and reveal common Loan Estimate errors.

WHO SHOULD ATTEND?

This informative session is designed for loan officers, loan operations personnel, compliance officers, and internal auditors.

TAKE-AWAY TOOLKIT

Sample changed circumstances form
TRID tolerance chart
Formulas to test TRID calculations
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.