Start Date: 9/30/2021 1:00 PM MDT
End Date: 9/30/2021 2:30 PM MDT
The TILA/RESPA Integrated Disclosure (TRID) requirements are detailed and complex – which is quite clear from 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 training will review mortgage lenders’ obligation to comply with the various TRID tolerance levels. Examples will be used to demonstrate the proper calculation of the 10% cumulative tolerance category and the associated good faith analysis. It 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.
Attendance certificate provided to self-report CE credits.