Got TRID violations? If so, you are not alone. They are among the top issues cited by examiners. TRID rules continue to grow and evolve, and examiners are diving deeper into disclosures and processes to ensure accurate documents are being provided to applicants and borrowers. Join us to learn about the rules and regs and how to avoid the top 10 errors. TRID continues to top the list of violations most cited by examiners. The issues may be as small as a missed checkbox or as large as a fee increase that results in a tolerance cure. The compliance efforts of your loan operations team over the last several years have likely been devoted to understanding when TRID applies and ensuring disclosures are provided to borrowers in a timely, accurate manner. This session will review sample disclosures for fixed-rate, adjustable-rate, and construction loans. It will address regulatory requirements, dive into guidance, and review the 10 most-cited errors when completing the LE and CD.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Define loans covered by TRID rules
- Describe field requirements in each section of the Loan Estimate (LE) and Closing Disclosure (CD)
- Distinguish between a loan’s purpose under TRID versus HMDA versus URLA
- Explain when a revised LE is necessary
- Understand requirements for single-close, separate construction, and permanent-phase closings for construction loans
- Review projected payment amounts and other calculations for accuracy
- Test charges subject to tolerance standards
- Recognize when a corrected CD must be provided to the borrower
TAKE-AWAY TOOLKIT
- TRID tolerance chart
- Formulas to test TRID calculations
- Sample completed forms
- 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 loan officers, loan operations personnel, compliance officers, and internal auditors.
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
Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.
THREE REGISTRATION OPTIONS – WHAT YOU GET
1. LIVE WEBINAR
- Unlimited live connections with shareable access within your institution
- Available to view on desktop, mobile & tablet devices
- Take-away toolkit
- Live Q&A session & the presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
2. ON-DEMAND WEBINAR
- Unlimited and shareable access to the recording within your institution,
starting two business days after the live date
- Available to view 24/7 on desktop, mobile & tablet devices
- Take-away toolkit
- Ability to download the webinar video and toolkit items
- Presenter's contact info for follow-up questions
- Access the webinar training from your User Portal
3. BUNDLE & SAVE
- Save when you Bundle the Live + On-Demand Webinar Registration
- Includes all the items listed above
- Full registration descriptions can be found here
