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Monday, October 7, 2019

Mortgage Lending Hot Spots Series: Demystifying Rules for TRID Tolerances

Start Date: 10/7/2019 1:00 PM MDT
End Date: 4/7/2020 2:30 PM MDT


Organization Name: Independent Bankers of Colorado

Contact:
Tara F. Hunter
Email: thunter@ibcbanks.org
Phone: 303-832-2000

Mortgage Lending Hot Spots Series: Demystifying Rules for TRID Tolerances
1:00 pm – 2:30 pm MT


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.

Continuing Education: Attendance verification for CE credits upon request.
NOTE:  All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
 

  MEET 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 with managing and reducing 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.