ProBank Advanced TRID 2022 (M) | ProBank Austin | 20 October 2022 | Virtual Event
Venue
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| Event Date | Thu Oct 20 EDT (about 2 years ago) |
| Location | Virtual Event |
| Region | Americas |
Details
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:
• Brief overview of the TRID Rules
• Timing and eSign issues
• 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
• 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
• Key issues with construction loan disclosures
• Examiner findings, hot buttons, expectations
• 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.
Speakers
2022 Speakers
Leah Hamilton
Vice President, Senior Consultant, ProBank Austin