Effective October 3, 2015, the rules on mortgage loan disclosures radically changed. The Dodd-Frank Act gave us the Know Before You Owe / TILA-RESPA Integrated Disclosures. And whether you call it KBYO or TRID, like many others, you probably stay frustrated trying to figure out to prepare these complex mortgage documents. We can help.

Other webinars may touch on the disclosures, but this comprehensive webinar will explain the disclosures, both general guidelines and the requirements within the documents themselves, tolerances: when your disclosure is “still” considered accurate, construction loans, the TRID “Black Hole,” and updates. We’ll also go into the record retention requirements, how cures are to be handled, and other details and you will have the complete picture of the newest rules.

In this webinar session, your institution will learn the twists, turns, and pitfalls related to when you can and when you can’t make changes to your loan disclosures and how to make those changes in a timely and compliant manner.

We Will Cover:

• A walkthrough the Loan Estimate
• A walkthrough the Closing Disclosure
• Tolerances, cures and updates
• Construction loans and TRID
• The TRID Black Hole

Who Should Attend:
Compliance officers, auditors, lender, loan operations, back room processing staff, and legal staff

Air date: July 2020
(Courses are current as of the date aired)