Event Calendar

Start Date: 9/27/2022 1:00 PM MDT
End Date: 9/27/2022 2:30 PM MDT

Event Website: https://financialedinc.com/trid-recognizing-a-changed-circumstance-issuing-a-revised-loan-estimate

Organization Name: Independent Bankers of Colorado

Contact:

What circumstances allow for a revised Loan Estimate? Do you understand the timing and documentation requirements?  What about tolerance levels, testing, and resetting? Join us to learn how to identify a legitimate TRID changed circumstance and keep your institution in compliance. There is change in every aspect of life and the mortgage loan process is no exception. Changes happen for a variety of reasons, whether initiated by the borrower or when information relied upon by the lender changes or was inaccurate. Your institution must be prepared to recognize opportunities to issue a revised Loan Estimate that enables critical tolerance levels to be reset. This webinar will dive into what constitutes valid TRID changed circumstances and how to issue a revised Loan Estimate in a timely manner. Loan file documentation is critical to support the reason for the change and to clearly identify the fees that were directly impacted to reset tolerance levels. This webinar is designed to ensure you are prepared to capture opportunities to issue revised Loan Estimates and properly support your institution’s response to a change.
 
AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Recognize valid changed circumstances which permit issuance of a revised Loan Estimate
• Identify when a revised Loan Estimate must be issued
• Distinguish when a revised disclosure was made for information purposes
• Explain the timing requirements associated with a valid changed circumstance
• Develop documentation to justify resetting baselines for tolerance testing
• Determine the fees impacted as a result of the changed circumstance

TAKE-AWAY TOOLKIT

• Sample changed circumstance form
• Tolerance fee category example chart
• Employee training log
• Interactive quiz
• PDF of slides and speaker’s contact info for follow-up questions
• Attendance certificate provided to self-report CE credits

WHO SHOULD ATTEND?
This informative session is designed for mortgage lenders, loan processors, loan review staff, auditors, and compliance officers.
    
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.
 
MEET THE PRESENTER
Molly Stull, Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a bachelor’s from the University of Akron and an MBA from Ashland University.

THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes

• Unlimited connections within your institution to the Live Webinar
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Presenter’s contact info for follow-up

 2. On-Demand Webinar Includes

• Recording of the Live Webinar
• Available two business days following Live date
• Handout and Take-Away Toolkit
• Available on desktop, mobile & tablet
• Free Digital Download, yours to keep
• Share link with anyone at your institution
• Presenter’s contact info for follow-up

3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.