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Wednesday, November 18, 2020

Demystifying TRID for Construction Loans Using the New CFPB Guides

Start Date: 5/18/2020 1:00 PM MDT
End Date: 11/18/2020 2:30 PM MST


Organization Name: Independent Bankers of Colorado

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

Demystifying TRID for Construction Loans Using the New CFPB Guides
1:00 pm – 2:30 pm MT

What’s the latest from the CFPB on TRID and construction loans?  Are you using their earlier contradictory information, or the definitive requirements published in their recent Guide?  Don’t take chances with compliance.
 
AFTER THIS WEBINAR YOU WILL UNDERSTAND:

  • Management issues surrounding product decisions with construction loans followed by permanent financing versus construction/permanent financing
  • Options and management decisions regarding construction loan fees that are not addressed in the CFPB Guide
  • Finance charge issues in construction lending
  • How to explain construction disclosures to applicants in ways they will understand
  • The “nuts and bolts” of disclosure requirements for Loan Estimates and Closing Disclosures
  • How to check your finished product using APRWIN
WEBINAR DETAILS
After giving contradictory information, the CFPB has provided definitive information regarding the proper disclosure of construction loans.  Although the new Guide does not address every construction loan question, it does help with the mechanics of disclosing construction-only and construction/permanent loans.  This webinar will review the Guide in detail and other aspects of construction lending not addressed in the Guide.
 
The full narrative of the accompanying materials can be used to train lenders, loan processors, and others in construction lending – from application to origination.  The manual will be a useful post-webinar resource for disclosures.
 
WHO SHOULD ATTEND?
This informative session is designed for compliance officers, lending management, lenders, and processors of all types of construction loans.
 
TAKE-AWAY TOOLKIT
  • The latest CFPB Guides
  • Narrative manual
  • Other resources to check results, including using APRWIN to determine accuracy
  • Employee training log
  • Interactive quiz
 
DON’T MISS THESE RELATED WEBINARS!
Completing the TRID Loan Estimate Line-by-Line
on Wednesday, June 10, 2020
 
Completing the TRID Closing Disclosure Line-by-Line
on Monday, July 13, 2020

  MEET THE PRESENTER
Bill Elliott, CRCM, Young & Associates, Inc.
Bill Elliott has over 40 years of banking experience.  As a senior compliance consultant and Director of Compliance Education with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.
 
Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank.  He has experience with consumer, commercial, and mortgage loans, and has managed a variety of departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

THREE REGISTRATION OPTIONS – WHAT YOU GET
1. Live Webinar Includes
  • One connection to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
2. Recorded Webinar Includes
  • Available 6 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!

Online Registration

Registration is Closed
Closed: 11/18/2020 12:00 PM

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