TRID Compliance: Facing the Challenges
One-day seminar presented by ProBank Austin

In-Person Walt Lyons

Registration 8:30 am
Program 9:00 am – 4:00 pm
Lunch (included) 12:00 noon – 1:00 pm
Hilton Garden Inn
800 Southpark Blvd
Colonial Heights, VA 23834

The CFPB continues to amend the TRID rules, particularly to clarify issues and address questions that institutions have raised. Although these clarifications were effective October 10, 2017, compliance became mandatory for transactions for which a creditor received an application on or after October 1, 2018. In addition to these October revisions, the CFPB issued a final rule, effective June 1, 2018, to resolve the “Black Hole” concern – this amendment allows creditors to reset tolerance fees, subject to a valid changed circumstance, on a Closing Disclosure or corrected Closing Disclosure without being subject to “less than four business days” prior to consummation.

In addition to requiring new disclosure forms designed to be easier for consumers to understand and use when contemplating a mortgage loan, the new rules give consumers more protections and, as a result, place more responsibility on lenders. This seminar has been designed to help as you comply with the new Integrated Mortgage Disclosures, including recent changes and clarifications.

This program is suitable for all personnel involved in consumer mortgage lending, including loan officers, loan processors, mortgage brokers, closing staff and closing/settlement agents. Compliance officers and auditors responsible for ensuring the financial institution is fulfilling its regulatory responsibilities will find the program content a valuable job aide. Those who work as or with closing/settlement agents will benefit from the most comprehensive training available on the duties and limitations imposed by the TRID rules, and completion of the new mortgage disclosures.

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Agenda & Speakers

The comprehensive seminar manual serves as a detailed analysis of the TRID rules, including the amendments, and serves as a valuable reference tool. ProBank Austin was founded over 40 years ago to assist the financial institution industry with understanding compliance regulations. ProBank has developed into the “go-to” provider of training on these regulations, and we are confident our expertise can guide you along this difficult compliance task.

  • Overview of the TRID Rules
  • Revised Definitions and Exemptions
  • Rules and Requirements for Providing the Loan Estimate
  • Consumer’s Ability to Waive Waiting Periods Before Consummation
  • Rules for Shopping for Settlement Service Providers
  • Prohibitions and Limitations on Creditors’ Predisclosure Activities
  • Determining Estimates of Closing Costs Good Faith Requirement
  • Revised and Corrected Disclosures
  • Changes Requiring New Waiting Period Before Consummation
  • Resolving Clerical Errors and Refunds Related to the Good Faith Analysis
  • Record Retention Requirements
  • Detailed Analysis of the Loan Estimate and Closing Disclosure
  • Tolerances for the Total of Payments
  • Principal Reductions for Tolerance Cures
  • Subordinate Lien Loans
  • Construction Loans
  • Use of Positive/Negative Numbers and Rounding
  • Calculating Cash to Close Table
  • Disclosure of Payoffs of Existing Liens and Unsecured Debts
  • Disclosure of Estimated Value
  • Separation of Information on Closing Disclosures
  • Other Disclosure Clarifications to the Loan Estimate and Closing Disclosure

Seminar Speakers

  • Anetria Connell, Vice President, ProBank Austin
  • Leah M. Hamilton, Vice President and Senior Consultant, ProBank Austin
  • David Luken, Vice President, ProBank Austin

Continuing Education

  • Approved for 6.5 CPE Credits
  • Eligible for 6.75 CRCM Credits through ABA Professional Certifications

Registration Fees

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