- Format:Webinar
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
The Closing Disclosure (CD) is the borrower's final accounting of the mortgage transaction and plays a critical role in ensuring transparency, accuracy, and regulatory compliance. Preparing the Closing Disclosure requires careful attention to TRID requirements, timing rules, fee accuracy, and coordination among lenders, settlement agents, and other parties involved in the closing process.
This webinar provides a practical, step-by-step review of how to prepare and deliver the Closing Disclosure, identify when revised disclosures are required, and avoid common compliance pitfalls that can delay closing or create regulatory risk.
Participants will leave with a stronger understanding of the disclosure requirements and best practices for producing complete and accurate Closing Disclosures.
What You'll Learn
Understand the purpose and regulatory requirements of the Closing Disclosure under the TRID Rule
- Describe the requirements for each section of the Closing Disclosure
- Apply the three business day waiting period
- Reconcile costs between the Loan Estimate and Closing Disclosure to ensure within tolerance
- Recognize when a corrected CD is required
- Test fees subject to tolerance standards
