ProBank TRID Compliance: Facing the Challenges 2019 - Fairview Heights, Illinois | ProBank Austin | 18 December 2019 | Four Points by Sheraton St. Louis - Fairview Heights, 319 Fountains Pkwy, Fairview Heights, IL 62208, USA

Consumer Mortgage Lending has experienced tremendous changes over the last near 50 years. As mandated by the Dodd-Frank Act, completely new mortgage disclosure rules and integrated mortgage disclosure forms for the Loan Estimate and the Closing Disclosure (the TRID disclosures) were implemented in 2015 providing a new regulatory landscape.
The CFPB continues to amend the TRID rules, particularly to clarify issues and address questions that institutions have raised. Although these clarifications were effective October 10, 2017, compliance became mandatory for transactions for which a creditor received an application on or after October 1, 2018. In addition to these October revisions, the CFPB issued a final rule, effective June 1, 2018, to resolve the “Black Hole” concern – this amendment allows creditors to reset tolerance fees, subject to a valid changed circumstance, on a Closing Disclosure or corrected Closing Disclosure without being subject to “less than four business days” prior to consummation.

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. This seminar has been designed to help as you comply with the new Integrated Mortgage Disclosures, including 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.

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. Compliance officers and auditors responsible for ensuring the financial institution is fulfilling its regulatory responsibilities will find the program content a valuable job aide. Those who work as or with closing/settlement agents will benefit from the most comprehensive training available on the duties and limitations imposed by the TRID rules, and completion of the new mortgage disclosures.

2019 Speaker

PRESENTER:

David Luken
Vice President, ProBank Austin

2019 Partners

• Utah Bankers Association
• NCBankers
• Montana Bankers Association
• Indiana Credit Union League
• Iowa Bankers Association
• Community Bankers Association of Georgia
• West Virgina Bankers Association
• IBAT
• PA Bankers Assocition
• CBAO
• Tri State League of Financia Institutions
• NYBA
• Maryland Bankers Association
• Louisiana Bankers Association
• Independent Bankers of Colorado
• Oregon Bankers Association
• Kentucky Bankers Association
• Washington Bankers Association
• Virginia Bankers Association
• Tennessee Bankers Association
• Michigan Bankers Association
• New Hampshire Bankers Association
• Idaho Bankers Association
• Bank Compliance Association of Connecticut
• Indiana Bankers Association
• Ohio Bankers League