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    2017 Final TRID Rule Compliance

    $99.00
    *
    This webinar is a one-stop shop for issues surrounding the TILA-RESPA Integrated Disclosure (TRID) rule rule. In this session, we will analyze the TRID rule and the CFPB's amendments to that rule. We will explore how the rule changes can impact your current business operations and identify key requirements that may cause confusion for your mortgage lenders. We will discuss guidance and other publications issued by the CFPB that will help facilitate your Institution's implementation of the rule. We will also review mortgage lenders' obligations under the TRID rules to track and monitor tolerance levels.

    Overview

    The Dodd-Frank Act mandated a completely new regulatory landscape for mortgage disclosures and forms: The TILA-RESPA Integrated Disclosure (TRID) rule. In addition to requiring new disclosure forms (designed to be easier for consumers to understand and use when contemplating a mortgage loan), the new rules give consumers more protections, and - as a result - place more responsibility on lenders. 

    In 2015, the Consumer Financial Protection Bureau (CFPB) published proposed clarifications with respect to the TRID disclosures. These clarifications identify problematic issues and outline the CFPB's proposed solutions. They also identified a general request to overhaul a particularly troublesome section - the Calculating Cash to Close Table. 

    Flashforward to today - the CFPB recently finalized updates to the Know Before You Owe mortgage disclosure rule, which will take effect on Oct. 10, 2017.

    This webinar is a one-stop shop to help as you comply with the new Integrated Mortgage Disclosures. In this session, we will analyze the TRID rule and the CFPB's amendments to that rule. We will explore how the rule changes can impact your current business operations and identify key requirements that may cause confusion for your mortgage lenders. We will discuss guidance and other publications issued by the CFPB that will help facilitate your Institution's implementation of the rule. We will also review mortgage lenders' obligations under the TRID rules to track and monitor tolerance levels. 

    Covered Topics

    • Overview of the TRID rule + revised rules & exemptions
    • Effective Date vs. Mandatory Compliance Date
    • Good Faith Analysis of fees and charges
      TRID tolerance levels
      • Resolving Clerical Errors and Refunds Related to the Good Faith Analysis
      • Best practices for tracking fees and charges
    • Revised DisclosuresDetailed Analysis of the Loan Estimate and Closing Disclosures 
      • Required procedures for curing tolerances on the closing disclosure
    • Post Consummation Escrow Cancellation Disclosure & Partial Payment Notices
    • Calculating Cash to Close Table

    Who Should Attend?

    This informative session is designed for any personnel involved in consumer mortgage lending, including:

    • mortgage lenders,
    • consumer real estate loan officers,
    • loan officers, 
    • loan processors, 
    • mortgage brokers,
    • closing staff, and
    • closing/settlement agents

    This webinar will also be useful for: 

    • compliance officers
    • internal auditors
    • audit personnel
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    Overview

    The Dodd-Frank Act mandated a completely new regulatory landscape for mortgage disclosures and forms: The TILA-RESPA Integrated Disclosure (TRID) rule. In addition to requiring new disclosure forms (designed to be easier for consumers to understand and use when contemplating a mortgage loan), the new rules give consumers more protections, and - as a result - place more responsibility on lenders. 

    In 2015, the Consumer Financial Protection Bureau (CFPB) published proposed clarifications with respect to the TRID disclosures. These clarifications identify problematic issues and outline the CFPB's proposed solutions. They also identified a general request to overhaul a particularly troublesome section - the Calculating Cash to Close Table. 

    Flashforward to today - the CFPB recently finalized updates to the Know Before You Owe mortgage disclosure rule, which will take effect on Oct. 10, 2017.

    This webinar is a one-stop shop to help as you comply with the new Integrated Mortgage Disclosures. In this session, we will analyze the TRID rule and the CFPB's amendments to that rule. We will explore how the rule changes can impact your current business operations and identify key requirements that may cause confusion for your mortgage lenders. We will discuss guidance and other publications issued by the CFPB that will help facilitate your Institution's implementation of the rule. We will also review mortgage lenders' obligations under the TRID rules to track and monitor tolerance levels. 

    Covered Topics

    • Overview of the TRID rule + revised rules & exemptions
    • Effective Date vs. Mandatory Compliance Date
    • Good Faith Analysis of fees and charges
      TRID tolerance levels
      • Resolving Clerical Errors and Refunds Related to the Good Faith Analysis
      • Best practices for tracking fees and charges
    • Revised DisclosuresDetailed Analysis of the Loan Estimate and Closing Disclosures 
      • Required procedures for curing tolerances on the closing disclosure
    • Post Consummation Escrow Cancellation Disclosure & Partial Payment Notices
    • Calculating Cash to Close Table

    Who Should Attend?

    This informative session is designed for any personnel involved in consumer mortgage lending, including:

    • mortgage lenders,
    • consumer real estate loan officers,
    • loan officers, 
    • loan processors, 
    • mortgage brokers,
    • closing staff, and
    • closing/settlement agents

    This webinar will also be useful for: 

    • compliance officers
    • internal auditors
    • audit personnel
    Presenter:

    Jon Tavares

    Jon Tavares, Esq., CRCM, NCCO, is an experienced compliance consultant and trainer. Having served as Corporate Counsel for a community bank, Compliance Officer at a regional bank, and Regulatory Change Manager at a large bank, Jon brings varied and wide-ranging experience. Jon is knowledgeable in all aspects of banking compliance with an emphasis on advertising, military lending, mortgage, and privacy rules. Jon has a Bachelor of Arts from San Diego State University and Master of Laws and Juris Doctor degrees from The University of Alabama School of Law and is a ABA Certified Regulatory Compliance Manager and NAFCU Certified Compliance Officer.