Demystifying TRID for Construction Loans
Using the New CFPB Guides
(90-minute webinar – recording also available)
Monday, May 18, 2020
12:00 PM Pacific 1:00 PM Mountain
2:00 PM Central 3:00 PM Eastern
What’s the latest from the CFPB on TRID and construction loans? Are you using their earlier contradictory information, or the definitive requirements published in their recent Guide? Don’t take chances with compliance.
AFTER THIS WEBINAR YOU WILL UNDERSTAND:
- Management issues surrounding product decisions with construction loans followed by permanent financing versus construction/permanent financing
- Options and management decisions regarding construction loan fees that are not addressed in the CFPB Guide
- Finance charge issues in construction lending
- How to explain construction disclosures to applicants in ways they will understand
- The “nuts and bolts” of disclosure requirements for Loan Estimates and Closing Disclosures
- How to check your finished product using APRWIN
After giving contradictory information, the CFPB has provided definitive information regarding the proper disclosure of construction loans. Although the new Guide does not address every construction loan question, it does help with the mechanics of disclosing construction-only and construction/permanent loans. This webinar will review the Guide in detail and other aspects of construction lending not addressed in the Guide.
The full narrative of the accompanying materials can be used to train lenders, loan processors, and others in construction lending – from application to origination. The manual will be a useful post-webinar resource for disclosures.
WHO SHOULD ATTEND?
This informative session is designed for compliance officers, lending management, lenders, and processors of all types of construction loans.
- The latest CFPB Guides
- Narrative manual
- Other resources to check results, including using APRWIN to determine accuracy
- Employee training log
- Interactive quiz
DON’T MISS THESE RELATED WEBINARS!
Completing the TRID Loan Estimate Line-by-Line
on Wednesday, June 10, 2020
Completing the TRID Closing Disclosure Line-by-Line
on Monday, July 13, 2020
MEET THE PRESENTER - Bill Elliott, CRCM, Young & Associates, Inc.
Bill Elliott has over 40 years of banking experience. As a senior compliance consultant and Director of Compliance Education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.
Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.
Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
THREE REGISTRATION OPTIONS
- LIVE WEBINAR
The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.
- RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.
- BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD
Options 1 and 2 described above.
AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE