Examiners and auditors are requiring full compliance with the detailed and technical TILA/RESPA Integrated Disclosure (TRID) requirements, including the 2018 TRID amendments. Given the complexity of the requirements, mortgage lenders need to perform internal reviews and analysis of their mortgage practices in order to appropriately push-back on overstated or incorrect findings. This session will outline common issues and best practices for preparing and responding to exams or audits.
This webinar will provide answers to common questions and likely areas of examiner or auditor scrutiny. Timing requirements, written lists of providers, and tolerance levels will be specifically analyzed. Documentation and record retention requirements will also be addressed.
- Timing requirements for loan estimates, written list of providers, revised loan estimates, and closing disclosures
- Tolerance levels and options for providing tolerance cures
- Documentation requirements for intent to proceed, changed circumstances, and an applicant’s receipt of required disclosures
- Common questions and resources to assist in documenting compliance
- Tips for pinpointing regulatory sections for additional research and confirmation
- TAKE-AWAY TOOLKIT
- Summary of the October 1, 2018, TRID amendments
- Summary of the June 1, 2018, TRID amendment impacting tolerance levels
- Resource with answers (and regulatory citations) to frequently asked questions
- Employee training log
- NEW – Interactive quiz
WHO SHOULD ATTEND?
This informative session is designed for mortgage lenders, compliance staff, and audit teams. Having representatives from each department will ensure everyone is on the same page when preparing for or responding to a TRID exam.
SPEAKER: Steven Van Beek, Howard & Howard Attorneys PLLC
Steve Van Beek is an attorney at Howard & Howard Attorneys PLLC where he concentrates his practice in the area of financial regulations. He assists financial institutions throughout the country with managing and reducing compliance, legal, and reputation risks. Prior to joining Howard & Howard, he served as the Vice President of Regulatory Compliance at the National Association of Federal Credit Unions (NAFCU). He received his Bachelor’s from Hope College and his J.D. from George Mason University School of Law and is a member of the American Bar Association.