- Format:Webinar
- Education Type:BCU Webinars
- Line of Authority:N/A
- Language:N/A
- Credit Hours:N/A
TRID (TILA‑RESPA Integrated Disclosure) was designed to simplify the mortgage disclosure process, yet nearly a decade after implementation it remains one of the most complex and frequently cited compliance challenges for lenders. With multiple amendments, highly prescriptive requirements, strict timelines, tolerance thresholds, and heavy reliance on third‑party systems, TRID continues to create operational risk across the loan lifecycle.
This in‑depth, four‑part series provides a comprehensive examination of the TRID framework from application through closing, with a particular focus on the Loan Estimate (LE) and Closing Disclosure (CD). Participants will explore the regulatory intent behind TRID, the evolution of the rule, and the most common tripwires that lead to violations—ranging from accuracy and timing issues to communication breakdowns, system limitations, and vendor coordination challenges.
Designed for professionals who need more than a surface‑level overview, this series delivers practical guidance for navigating real‑world TRID challenges, strengthening internal controls, and maintaining compliance in a constantly evolving regulatory environment. Attendees will leave with a stronger command of TRID requirements, increased confidence in managing LE and CD disclosures, and a detailed reference manual to support ongoing compliance efforts long after the series concludes.
What You'll Learn
Understand the foundational TRID framework, including:
- General rules and regulatory intent
- Covered vs. exempt transactions
- Predisclosure activities and early disclosure requirements
Master Loan Estimate (LE) requirements, including:
- How LE rules were designed to meet regulatory standards
- Timing, delivery, tolerance rules, and good‑faith requirements
- When and how revised LEs are permitted
Complete a line‑by‑line walkthrough of the Loan Estimate, covering:
- General information and loan terms
- Projected payments and cash‑to‑close elements
- Loan costs, other costs, and shopping disclosures
- Comparisons, other considerations, and common problem areas
Gain a thorough understanding of Closing Disclosure (CD) requirements, including:
- How CD rules align with TRID regulations
- Accuracy, consistency, and tolerance thresholds
- Timing, delivery, waiting periods, and waiver rules
Complete a detailed, line‑by‑line review of the Closing Disclosure, including:
- Loan and other costs
- Calculating cash to close
- Summaries of transactions
- Loan disclosures, calculations, and other required disclosures
- Contact information and receipt confirmation
Apply TRID rules to construction loans, including:
- Scope and timing considerations
- Appendix D calculations
- Specialized disclosure requirements and loan‑specific nuances
Learn best practices for:
- Managing third‑party and vendor coordination
- Reducing human error and system‑dependency risks
- Strengthening training, internal controls, and compliance processes
