Understanding TRID Tolerance Cures

(90-minute webinar – available live or on-demand)

 Thursday, September 30, 2021

12:00 PM Pacific       1:00 PM Mountain

2:00 PM Central                 3:00 PM Eastern

TRID is complicated, detail-intensive, and sometimes challenging.  This webinar will cut through the confusion and provide clarification on the CFPB’s requirements and interpretations to ensure you understand the TRID tolerance standards and limit tolerance cure scenarios. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Understand the TRID tolerance levels and options for providing tolerance cures
• Conduct the good faith analysis for tolerance violations
• Explain when a revised Loan Estimate or a Closing Disclosure can “reset” tolerances
• Implement best practices for tracking disclosures and fees for the good faith analysis
• Explain the requirements for providing a compliant written list of service providers

WEBINAR DETAILS

The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex – which is quite clear from 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 training will review mortgage lenders’ obligation to comply with the various TRID tolerance levels.  Examples will be used to demonstrate the proper calculation of the 10% cumulative tolerance category and the associated good faith analysis.  It 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.

WHO SHOULD ATTEND?

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

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 

DON’T MISS THESE RELATED WEBINARS!

Uniform Residential Loan Application (URLA): Deadline March 1, 2021

on Thursday, January 7, 2021

Surviving a TRID Compliance Exam

on Tuesday, May 18, 2021 

     MEET THE PRESENTER - Steven Van Beek, JD, 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 JD from George Mason University School of Law and is a member of the American Bar Association. 

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.

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.

AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE