CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
What?:
The
Consumer Financial Protection Bureau (CFPB) published a final rule to
implement the Truth in Lending Act/Real Estate Settlement Procedures Act
integrated disclosures (TRID) on November 20, 2013. The final rule was
effective on October 3, 2015. The TRID rules and guidance from the CFPB
continue to evolve. After much industry confusion and concern regarding the
new rules, the CFPB released a proposal to update the TRID regulation in
July 2016. The final TRID Amendment was released on July 7, 2017, with a mandatory
compliance date of October 1, 2018. The program explains selected issues
from the final amendments and also explains changes made by the Economic
Growth, Regulatory Relief and Consumer Protection Act, which was signed
into law on May 24, 2018.
This
two-hour program reviews selected TRID amendment issues and explains how
the amendments impact the existing rule, including:
- The general rules contained in §1026.19;
- The content rules and the detailed instructions for
completing the loan estimate from §1026.37; and
- The content rules and the detailed instructions for
completing the closing disclosure from §1026.38.
Why?:
Daily
TRID management continues to challenge many banks and lenders; this webinar
provides a thorough review of the most common issues resulting from the
amendments. Whether you are new to TRID or have been involved since its
inception, this review of the amendments provides the information you need
in order to implement the changes.
Participants
receive a detailed manual that serves as a handbook long after the program
is completed.
Covered
Topics:
- The expanded scope of TRID coverage;
- The rules for the timing and content of revised
disclosures;
- Guidance on sharing disclosures with various
parties involved in the mortgage origination process;
- Proper disclosure of construction loans;
- How to disclose simultaneous subordinate lien
loans;
- Accurately disclosing the Calculating Cash to Close
table;
- Tolerance requirements for charges paid to all
parties;
- Clarification on when and how to disclose a rate
lock;
- Proper disclosure of lender and seller credits;
- Revisions to disclosures of escrow disclosure
requirements;
- Changes made by the Economic Growth, Regulatory
Relief and Consumer Protection Act;
- And so much more…
Who
Should Attend?:
This
program is designed for managers of all departments that originate mortgage
loans, compliance officers, loan officers, auditors and others with
responsibilities for preparing, delivering or auditing the TRID
disclosures.. Please
forward email to appropriate person(s).
Instructor:
Jack
Holzknecht
is the CEO of Compliance Resource, LLC. He has been delivering the word on
lending compliance for 43 years. In 38 years as a trainer over 145,000
bankers (and many examiners) have participated in Jack’s live seminars and
webinars. Jack’s career began in 1976 as a federal bank examiner. He later
headed the product and education divisions of a regional consulting company.
There he developed loan and deposit form systems and software. He also
developed and presented training programs to bankers in 43 states. Jack has
been an instructor at compliance schools presented by a number of state
bankers associations. As a contractor he developed and delivered compliance
training for the FDIC for ten years. He is a Certified Regulatory
Compliance Manager and a member of the National Speakers Association.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio
session. Listening to the program over the telephone and following the
written materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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