Advanced Trid 2022 (K) | ProBank Austin | 21 December 2022 | Online

The TILA-RESPA integrated disclosure rules (TRID) have been in effect for over six years, but that does not mean they are any easier. The TRID rules are both detailed and vague, simple and complicated - all at the same time. Institutions continue to have questions and issues with the process, the forms and compliance with them.

The Loan Estimate is intended to give the consumer information regarding the projected terms and costs of the transaction, information important to the consumer in order to allow them to shop for loans. The Closing Disclosure explains the exact terms of the transaction, so that consumers know precisely what they will have to pay and why. These rules have been revised several times with clarifications, FAQs and more confusion, causing institutions to continue to grapple with complying with the TRID rules.

In this one-day seminar, we will briefly review the TRID rules and focus on real world scenarios and examples that institutions face when actually trying to complete the loan estimate and closing disclosure forms, manage the process, monitor/audit results, and provide meaningful management reporting. We will take a deep dive into the challenges of TRID compliance, examiner hot buttons, and more!

This seminar is designed to provide insight into the who, what, where, when, how and why in complying with TRID, including any recent changes and clarifications.

The comprehensive seminar manual serves as a detailed analysis of the TRID rules, including the amendments, and serves as a valuable reference tool.

Topics:
1. Brief overview of the TRID Rules
2. Timing and eSign issues
3. Discuss Completing the forms
• Date Issued
• Loan Term, Purpose and Product
• Disclosing ARMS and Balloon loans
• Estimated Taxes, Insurance and Assessments
• Fee Placement
• Disclosing escrow waiver fees
• Disclosing prepaids and escrows
• What really goes into Block H - Other
• AP/AIP tables - when to use which and how to complete
• Completing the CD's Summaries of Transaction, including Adjustments/Credits
• Liability after foreclosure
• Lender Credits
4. Determining Estimates of Closing Costs Good Faith Requirement
• Resetting the tolerances
• When does a fee generally not subject to a tolerance become subject to a tolerance
• What really are "incidental" title fees
• Tolerances for the Total of Payments
• Resolving Clerical Errors and Refunds Related to the Good Faith Analysis
• Principal Reductions for Tolerance Cures
• Calculating Cash to Close Table
5. Key issues with construction loan disclosures
6. Examiner findings, hot buttons, expectations
7. And much more!

Who Should Attend?
This program is suitable for all personnel involved in consumer mortgage lending, including loan officers, loan processors, mortgage brokers, closing staff and closing/settlement agents as well as compliance officers and auditors.

2022 Speaker

PRESENTER:

Anetria Cohen
Vice President, ProBank Austin

2022 Partners

• UTAH Bankers
• NC Bankers
• Montana Bankers
• Indiana Credit Union League
• IOWA Bankers
• Community Bankers Association
• West Virginia Bankers
• IBAT
• PA Bankers
• CBAO
• TriState League Financial Institution
• NYBA
• Maryland Bankers Association
• Louisiana Bankers Association
• Independent Bankers of Colorado
• Oregon Bankers
• Kentucky Bankers
• Washington Bankers
• Virginia Bankers
• Tennessee Bankers
• Michigan Bankers
• NHBA
• IDAHO Bankers
• BCAC
• Indiana Bankers Association
• Ohio Bankers League
• South Carolina Bankers Association
• NMBA
• Oklahoma Bankers Association