TRID: A Deeper Dive

August 18 2020 16:00 - 17:00 UTC

As we approach the 5th anniversary of TRID, most institutions are comfortable with the basics of complying with the requirements of TRID. However, CFPB updates, nuances of the TRID rule, best practices, and controls still trip up many institutions to this day. With the half decade mark of TRID implementation in place, regulators, examiners, and investors have mostly set their compliance requirements. Having non-compliant disclosures often results in investors not purchasing loans and can result in regulator and examiner scrutiny. So now is a great time to conduct a TRID check-up and fine tune your understanding of the TILA-RESPA Integrated Disclosure rule.

In this session, we will:
Address the changes and updates for TRID including the COVID-19 response
Discuss continued hot topic and pain points in handling method of delivery, timing, and valid change of circumstance
Explore nuances of construction and purchase transactions, owner-occupied refinances, and cash to close of simultaneous applications
Address accuracy and completeness of disclosures
Discuss the potential snares of disclosing lender credits and explore the CFPB FAQ’s on lender credits
Explore the recent FAQ’s on assumptions

  • Compliance
  • TRID
    • Regulation
  • TRID A Deeper Dive Webinar August 2020 Updated.pdf
    Attendees Only
  • TRID Tolerance Reconciliation Sterling Compliance 08182020.xlsx
    Attendees Only
  • TRID File Audit Checklist Sterling Compliance 08182020.xlsx
    Attendees Only

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