Master the final step in TRID compliance for construction lending. Learn how to prepare accurate closing disclosures and avoid the errors examiners find most often. In this session we will move beyond the initial disclosure phase of the loan transaction and focus on the final disclosures required for closing. We will review sample closing disclosures for fixed-rate and variable-rate construction loans. In reviewing these documents we will discuss regulatory requirements, dive into the guidance, and review common errors made when completing the closing disclosure.
KEY WEBINAR TAKEAWAYS
- Requirements for the fields in each section of the closing disclosure
- Reviewing your projected payment amounts and other calculations for accuracy
- Charges subject to tolerance standards
- When a corrected CD is required to be provided to your borrower
BONUS MATERIALS
- Sample completed forms
- Sample Changed Circumstances form
- Formulas to test TRID calculations
WHO SHOULD ATTEND?
- Mortgage loan officers
- Loan operations personnel
- Compliance officers
- Internal audit
MEET THE PRESENTER
Dawn Kincaid
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