Understanding TRID Tolerance Cures

Lending

On-Demand Webinar:

StreamedSep 29, 2021Duration90 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

See Registration Options

TRID is complicated, detail-intensive, and sometimes challenging.

This webinar will cut through the confusion and provide clarification on the CFPB’s requirements and interpretations to ensure you understand the TRID tolerance standards and limit tolerance cure scenarios.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the TRID tolerance levels and options for providing tolerance cures
Conduct the good faith analysis for tolerance violations
Explain when a revised Loan Estimate or a Closing Disclosure can “reset” tolerances
Implement best practices for tracking disclosures and fees for the good faith analysis
Explain the requirements for providing a compliant written list of service providers

WEBINAR DETAILS

The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex – which is quite clear from 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 training will review mortgage lenders’ obligation to comply with the various TRID tolerance levels. Examples will be used to demonstrate the proper calculation of the 10% cumulative tolerance category and the associated good faith analysis. It 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.

WHO SHOULD ATTEND?

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

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
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 agency is prohibited. Print materials may be copied for eligible participants only.

Presented By

Steven Van Beek