Mortgage Lending Hot Spots Series: Demystifying Rules for TRID Tolerances 2019 | Independent Bankers Association of Texas (IBAT) | 7 October 2019 | Helena, MT 59624

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.

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

PRESENTER

Steven Van Beek, Esq., NCCO
Howard & Howard Attorneys PLLC