ProBank Advanced Trid 2021 (H) | ProBank Austin | 10 December 2021 | Virtual

The TILA-RESPA integrated disclosure rules (TRID) have been in effect for more than five years, but that does not mean they are easy. 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 and more confusion, causing institutions to continue to grapple with complying with the TRID rules.

In this 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!

The goal of Advanced TRID is to go from Issues to Solutions! 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:

• Brief overview of the TRID Rules.
• Issues to Solutions.
• Issues completing the Loan Estimate & Closing Disclosure forms.
• Date Issued; All other fees paid thru date (Regulation Z & UDAP).
• 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/AIR tables - when to use which and how to complete.
• Completing the CD's Summaries of Transaction, including Adjustments/Credits.
• Liability after foreclosure.
• Lender Credits.
• 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.
• CFPB FAQs.
• Examiner Findings, Hot Buttons, Expectations.
• And much more!

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.

2021 Presenter

Leah Hamilton
Vice President & Senior Consultant, ProBank Austin