TRID 101: The Basics and the Technical Nuances You Need to Know

Recorded: April 7, 2022

Whether you’re new to mortgage lending or need a refresher, this session will provide critical foundational knowledge of the complex TILA-RESPA Integrated Disclosure Rule in plain English. You will learn not only the mechanics of the disclosures and how they vary for different types of transactions, when and why revisions may be necessary, but also how to avoid potentially costly violations.

In this session, we will discuss:

• Types of transactions covered
• Disclosure timing rules and pre-disclosure prohibitions
• Completing the Loan Estimate and the importance of making good faith estimates based on the best information reasonably available
• Getting the Written Providers List right and what happens if you don’t!
• Completing the Closing Disclosure correctly
• Disclosure revisions and changed circumstances – when you can and cannot redisclose
• Good faith analysis and fee tolerances
• Specific disclosure requirements unique to construction loans
• Who gets the disclosures and why right of rescission matters
• The weirdness of disclosing simultaneous issue Lender’s and Owner’s Title Insurance
• Understanding lender credits and how and when to disclose them
• Common violations and how to avoid them

Resources:

• TRID Tolerance Reconciliation Tool
• TRID File Audit Checklist

Your registration includes:

• A copy of the presentation materials
• Unlimited video replay

Refund Policy:

If you will have any issues with attending the simulcast, we offer a No Questions Asked Refund Policy any time before the start of a live simulcast.

CBANC Complaint Policy:

The goal of CBANC Education is to provide quality educational content and excellent service to our users.  If you have any questions or concerns regarding the quality of our content or service, please contact us at support@cbancnetwork.com.