Event Calendar

Wednesday, September 11, 2019

2019 TRID Compliance: Facing the Challenges

Start Date: 9/11/2019 8:30 AM MDT
End Date: 9/11/2019 4:00 PM MDT

Venue Name: Hilton Garden Inn Denver

16475 E 40th Circle
Aurora, CO  United States  80011

Organization Name: Independent Bankers of Colorado

Maelynn Lewis
Phone: 303.832.2000

Presented by ProBank Austin in Conjunction with Independent Bankers of Colorado
2019 TRID Compliance: Facing the Challenges

Consumer Mortgage Lending has experienced tremendous changes over the last near 50 years. As mandated by the Dodd-Frank Act, completely new mortgage disclosure rules and integrated mortgage disclosure forms for the Loan Estimate and the Closing Disclosure (the TRID disclosures) were implemented in 2015 providing a new regulatory landscape. 

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. 

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.  

Download the brochure here, Register by mail, fax, phone, or online. Reference code 19IBC35 to receive the discounted fee of $340.
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
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.
Hilton Garden Inn Denver, 16475 E 40th Circle, Aurora, CO 80011
Wednesday, September 11, 2019
Program Level
Intermediate to Advanced

Prerequisites/Advanced Preparation
Basic Knowledge of Lending Regulations. 

The Manual
The manual provides attendees with a valuable reference tool that summarizes the requirements of the various laws and regulations relating to consumer purpose, real estate secured loans.

Suggested Dress
Meeting room temperatures are often difficult to control. Please dress for comfort. Business casual dress is appropriate for all ProBank seminars.

Field Of Study
Specialized Knowledge

Call 800-523-4778. For program questions, more information or refunds, ask for ext. 205 or ext. 235. For administrative policies, such as complaint resolution, ask for extension 222.

You will receive a written confirmation of your seminar registration within ten days after we receive payment. If an e-mail address is provided, your confirmation will be sent via e-mail. Please make sure to add to your list of approved e-mail addresses. 

ProBank Inclement Weather Line
In the event of inclement weather in your area, please call (502) 479-5241 for any seminar cancellations. If ProBank cancels a program due to weather, ProBank will refund the entire registration fee. If a program is not canceled and you choose to cancel your attendance, refunds will not be granted; however, substitutions are always welcome or you may transfer to another seminar by calling ProBank no later than the day of the program.

Cancellation Policy
If you cancel at least seven days prior to the seminar date, we grant full refunds. If you cancel six days or less, there will be a cancellation fee of $100 for each day of the seminar. Refunds will not be granted for  “no-shows” or for cancellations received on the date of the seminar. Substitutions are welcome at any time. If ProBank cancels a seminar for any reason, we will refund the entire registration fee. ProBank reserves the right to cancel the program when necessary. ProBank is unable to reimburse for travel expenses related to a canceled program. Please consider making refundable reservations or call us to confirm program before making reservations.
Approved for 6.5 CPE Credits. 
Eligible for 6.75 CRCM Credits through ABA Professional Certifications. 
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