$65.00
- Format:Online Self-Paced
- Education Type:Professional Development
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
Description
The enactment of the TILA-RESPA Integrated Disclosure (TRID) Rule was one of the most significant regulatory changes in recent history for mortgage lenders. With the intent of making the mortgage loan process more understandable for borrowers, the implementation of TRID included two distinctly new disclosures with specific timing rules for lenders. Students will be taken through an explanation of why the Loan Estimate and the Closing Disclosure are so important, including a page by page tour of each disclosure. This course is a must for any mortgage professional looking to stay compliant with TRID, mitigate unnecessary loan costs, or effectively manage pipelines to ensure timely closings.
What You'll Learn
- Understanding of the goals of the TILA-RESPA Integrated Disclosure Rule
- Identification of transactions for which the Loan Estimate and Closing Disclosure are required
- Ability to define form and content requirements for the integrated disclosures
- Recognition of restrictions on delivery, revisions, and fees and charges