Top 10 Most Common TRID Issues

With Jack Holzknecht

Top 10 Most Common TRID Issues

With Jack Holzknecht
  • 1 Video
  • 3 Downloads
  • 2.0 hrs
Course description

WHAT?

 The Consumer Financial Protection Bureau (CFPB) published a final rule to implement the new integrated disclosures (TRID) on November 20, 2013. The final rule was effective on October 3, 2015. The TRID rules and guidance from the CFPB continue to evolve. After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016. The final TRID Amendment was released on July 7, 2017, with a mandatory compliance date of October 1, 2018. 

This two-hour program reviews the 2017 amendments and explains how the amendments impact the existing rule, including:

  • The general rules contained in 1026.19;
  • The content rules and the detailed instructions for completing the loan estimate from 1026.37; and
  • The content rules and the detailed instructions for completing the closing disclosure from 1026.38.

WHY?

Daily TRID management continues to challenge many banks and lenders; this webinar provides a thorough review of the 2017 amendments. Whether you are new to TRID or have been involved since its inception, this review of the 2017 amendments provides the information you need in order to implement the changes.

Participants receive a detailed manual that serves as a handbook long after the program is completed. 

Upon completion of the program participants understand:

  • The expanded scope of TRID coverage;
  • The rules for the timing and content of revised disclosures;
  • Guidance on sharing disclosures with various parties involved in the mortgage origination process;
  • Proper disclosure of construction loans;
  • How to disclose simultaneous subordinate lien loans;
  • Accurately disclosing the Calculating Cash to Close table;
  • Tolerance requirements for charges paid to all parties;
  • Clarification on when and how to disclose a rate lock;
  • Proper disclosure of lender and seller credits;
  • Revisions to disclosures of escrow disclosure requirements; and
  • So much more.

WHO?

This program is designed for managers of all departments that originate mortgage loans, compliance officers, loan officers, auditors and others with responsibilities for preparing, delivering or auditing the TRID disclosures.

Course Curriculum

Video
127:43
Top 10 Most Common TRID Issues
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Materials
Materials
Slides
Webinar Q & A Document
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Instructor

Jack Holzknecht
Jack Holzknecht

Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. In Jack's 34 years as a trainer over 125,000 bankers (and many examiners) have participated in his live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by several state bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru."