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Course description


The Consumer Financial Protection Bureau (CFPB) published the final rule to implement the integrated disclosures (TRID) on November 20, 2013. The final rule was effective on October 3, 2015. After much industry confusion and concern regarding elements of the regulation, the CFPB released a proposal to update the TRID regulation in July 2016. While the proposal provided guidance on where the CFPB was headed it was still a proposal that could not be relied upon until finalized. That day has finally come! We received the final TRID Amendment on July 7, 2017. This program provides a thorough review of the TRID amendments to ensure your financial institution can:

  • Take advantage of the newly clarified provisions within 60 days of the publication of the final TRID amendment; which is expected soon; and
  • Comply by the mandatory compliance date of October 1, 2018.

While many bankers feel that they may have finally mastered the TRID disclosures, these amendments will require change yet again. This two-hour program provides a review of the existing rules with emphasis on the final amendments that will be mandatory beginning October 1, 2018 but will be available for use as soon as 60 days from publication in the Federal Register. Don't miss out on the opportunity to get a jump start on TRID changes!

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

This two-hour webinar reviews:

  • Creating tolerance requirements for the total of payments;
  • Guidance on applying disclosure requirements to coop's;
  • Providing guidance on sharing disclosures with various parties involved in the mortgage origination process;
  • Clarification and technical amendments that address:
    • Affiliate charges;
    • Calculating cash to close table;
    • Construction loans;
    • Decimal places and rounding;
    • Escrow account disclosures and cancellation notices;
    • Expiration dates for the terms of the Loan Estimate;
    • Gift funds;
    • The "In 5 Years" calculation;
    • Lender and seller credits;
    • Lenders' and settlement agents' respective responsibilities;
    • The list of service providers;
    • Non-obligor consumers;
    • Partial payment policy disclosures;
    • Payment ranges on the projected payments table;
    • The payoffs and payments table;
    • Payoffs with a purchase loan;
    • Post-consummation fees;
    • Principal reduction (principal curtailment);
    • Disclosure and good-faith determination of property taxes and property value;
    • Rate locks;
    • Recording fees;
    • Simultaneous second lien loans;
    • Summaries of transactions table;
    • The total interest percentage calculation (TIP); and
    • Informational updates to the Loan Estimate.

This program is designed for mortgage loan department managers, compliance officers, loan officers, auditors and others with responsibilities for preparing, delivering or auditing TRID disclosures

Webinar Reviews: 

Very informative - Bobbie

The program had excellent content - darcie1

very good! - Sandra


Compliance Gurus

Jack Holzknecht and Kelly Owsley

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."Kelly M. Owsley, CRCM is Director of Training Services for Compliance Resource, LLC. Kelly's career in banking began in 2000. Since then she has worked for financial institutions ranging in asset size from $250 million to $3 billion. Kelly has worked in numerous areas of the financial services industry including retail branch management, lending, product development and training. In addition, Kelly spent three years in a training and development role with CUNA Mutual Group servicing the largest credit union in the United States. Most recently, she served as the Vice President of Compliance, BSA Officer, and CRA Officer for a community bank in Kentucky where she was responsible for implementing and training all compliance related topics. Kelly holds a Bachelor of Science degree in Accounting from the University of Kentucky and is a Certified Regulatory Compliance Manager.

Course curriculum

  • 1


    • 2017 TRID Amendments

  • 2


    • Materials

    • Slides

    • Questions and Answers