Mortgage Lending Hot Spots Series:

Demystifying Rules for TRID Tolerances

Webinar OR Recorded Webinar + Free Digital Download

Monday, October 7, 2019

12:00 pm – 1:30 pm Pacific

1:00 pm – 2:30 pm Mountain

2:00 pm – 3:30 pm Central

3:00 pm – 4:30 pm Eastern

The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex and this fact is quite clear in the various tolerance rules, restrictions, and calculations. Mortgage lenders are faced with a complicated analysis of tolerance levels, written lists of service providers, changed circumstances, revised Loan Estimates, Closing Disclosures, tolerance resets, and tolerance cures. This webinar will cut through the confusion and provide clarification on the Consumer Financial Protection Bureau’s latest interpretations to ensure you understand TRID tolerance standards and limiting tolerance cure scenarios.

Join us to learn more about mortgage lenders’ obligations to comply with the various TRID tolerance levels. Examples will be used to demonstrate proper calculation of the 10% cumulative tolerance category and associated good faith analysis. This program will also analyze the increased difficulty presented by situations where multiple Loan Estimates have been issued or where a Closing Disclosure or corrected Closing Disclosure has been used to reset tolerance levels.

HIGHLIGHTS

• Conducting the good faith analysis for tolerance violations
• Tolerance levels and options for providing tolerance cures
• When a revised Loan Estimate or a Closing Disclosure can reset tolerance levels
• Best practices for tracking revised disclosures and appropriate fees for the good faith analysis
• Review of June 1, 2018, TRID amendment allowing the use of a Closing Disclosure to reset tolerances

• TAKE-AWAY TOOLKIT
  • Examples of tolerance violations and cure approaches
  • Summary of the June 1, 2018, TRID amendment impacting tolerance levels
  • Employee training log
  • Interactive quiz

WHO SHOULD ATTEND?

This informative session is designed for mortgage lenders, compliance staff, and audit teams.

Please note:  The live webinar option allows you to have one internet connection (from a single computer terminal).  You may have as many people as you like listen and watch from your office computer.

         ABOUT THE PRESENTER – Steven Van Beek, Esq., NCCO, Howard & Howard Attorneys PLLC

Steve Van Beek is an attorney at Howard & Howard Attorneys PLLC where he concentrates his practice in the area of financial regulations. He assists financial institutions throughout the country manage and reduce compliance, legal, and reputation risks. Prior to joining Howard & Howard, he served as the Vice President of Regulatory Compliance at the National Association of Federal Credit Unions (NAFCU). He received his Bachelor’s from Hope College and his J.D. from George Mason University School of Law and is a member of the American Bar Association.

THREE REGISTRATION OPTIONS

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.

1. LIVE WEBINAR

The live webinar option allows you to have one internet connection from a single computer terminal.  You may have as many people as you like listen and watch from your office computer.  Registrants receive a website address and passcode that allows 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 prior to the broadcast.  You will need the most current version of Adobe Reader available free at www.adobe.com. 

2. 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 6 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.

The recorded webinar may ONLY be ordered for 6 months following the live webinar.  In addition, the download must be completed within 6 months of the live webinar date. 

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE