The CFPB has amended the TILA-RESPA Integrated Disclosure (TRID) Rules. The amendments cover numerous technical changes and some important clarifications. The changes are supposed to answer industry criticisms and practical problems, but the guidance can be very complicated. In fact, the CFPB has issued a new set of Frequently Asked Questions and updated its Small Entity Compliance guides and coverage charts to help with the transition.
In this webinar Coppelia Padgett will breakdown the 2017 and 2018 changes implemented related to the TRID disclosures. The webinar will provide attendees with an overview of the compliance “hotspots” including the CFPB fix for the "Black Hole" issue, itemization in the LE and CD and cure provisions. From there, Coppelia will focus on implementation dangers and problems that she expected to see. Her office has also prepared a checklist highlighting the most significant items to assist attendees.
Please join Coppelia Padgett as she provides a comprehensive, detailed overview of the TRID 2.0 changes that will affect your mortgage department.
WHAT YOU'LL LEARN
The focus of this webinar is the key changes and clarifications of the 2018 TRID amendments. The emphasis is on practical advice so institutions can understand the following:
- Specific changes and the impact on disclosure obligations
- New expectation for updating information on revised loan estimates
- Variations/tolerance issues – What is the “fee tolerance baseline"? When can we issue a revised LE (and/or CD)? How and when should we remediate?
- Guidance on documenting changed circumstances
- Clarifications on making changes before closing
- Pre-disclosure requirements including collecting fees and obtaining “intent to proceed”
- Pre-qualifications and preapprovals
- Keeping straight the business day differences and the mailing rule
- The CFPB’s “Black Hole” solution
- AND MUCH MORE!
YOUR CONFERENCE LEADER
Your conference leader for “TRID 2.0: What the New TILA-RESPA Integrated Disclosure (TRID) Rule Changes Mean for You!” is Coppelia Padgett. Ms. Padgett brings 25 years of financial institution experience covering numerous facets of financial institution operations. She began her career as a compliance specialist for the FDIC working primarily out of Los Angeles. She left the FDIC to found the Triac Company in 1992. This consulting firm grew to serve the compliance needs of hundreds of financial institutions in Los Angeles and around the United States. Ms. Padgett currently works as an independent contractor and subject matter expert for leading regulatory and risk management firms from around the country. She graduated magna cum laude from the University of Tulsa with a degree in economics.