Webinar: TRID Breakdown Part 2: Closing Disclosure for Fixed-Purchase, Variable-Refinance & Construction-Perm
November 9, 2023 3:00 pm - 4:30 pm
Do you know the regulatory violation most often cited during compliance exams?
Hint: it involves Reg Z, and the mistakes usually contain a TRID component. Attend this two-part series to learn how to avoid those errors and comply with the regulations – before your next exam.
AFTER THIS WEBINAR YOU’LL BE ABLE TO:
- Describe the requirements for the fields in each section of the Closing Disclosure (CD)
- Understand requirements for single-close and separate construction and permanent phase closings for construction loans
- Review your projected payment amounts and other calculations for accuracy
- Test charges subject to tolerance standards
- Recognize when a corrected CD is required to be provided to your borrower
WEBINAR DETAILS
Issues with Reg Z are the number one cited violation during regulatory compliance exams – and many of the errors involve TRID. The examiners are digging deeper into disclosures and processes to ensure accurate documents are being provided to applicants. What issues are the examiners finding and how can you avoid similar errors?
Part 2 of this two-part series will move beyond the initial disclosure phase of the loan transaction and focus on the final disclosures required for closing. It will review sample Closing Disclosures for fixed-rate, variable-rate, and construction loans. Throughout the webinar, the presenter will discuss regulatory requirements, dive into the guidance, and reveal common CD errors.
WHO SHOULD ATTEND?
This informative session is designed for loan officers, loan operations personnel, compliance officers, and internal auditors.
TAKE-AWAY TOOLKIT
- TRID tolerance chart
- Formulas to test TRID calculations
- Sample completed forms
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
Speaker: Dawn Kincaid, Brode Consulting Services, Inc.
Dawn Kincaid began her banking career while attending The Ohio State University. She has over 20 years’ experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services.
Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits and exams, and presented for numerous state associations.