TRID – Diving into the Closing Disclosure (CD)

TRID (TILA-RESPA Integrated Disclosure) has been a key part of mortgage compliance for nearly a decade, yet it remains one of the most commonly cited areas for violations. The Closing Disclosure (CD), in particular, can be challenging to prepare accurately due to:

• Complexity and detailed requirements of the rule

• Maintaining accuracy and consistency across all disclosures

• Strict timelines and tolerance thresholds

• Dynamic nature of mortgage transactions

• Coordination with multiple third parties, human error, and system reliance

Creating a compliant CD requires meticulous attention to detail, precise data, strong internal controls, effective communication, and robust technology—all while coordinating with everyone involved in the transaction.

This session is part of our Fall TRID Series! Learn more here.

Topics Covered:
This session provides a line-by-line walkthrough of the Closing Disclosure, highlighting practical strategies for compliance:

• Closing Disclosure Sections:

  • General Information

  • Loan Terms

  • Projected Payments

  • Costs at Closing

    • Loan Costs

    • Other Costs

  • Summaries of Transactions

  • Loan Disclosures

  • Other Disclosures

  • Contact Information

  • Top issues and common pitfalls

Who Should Attend:
Compliance Officers, Loan Officers, Auditors, Closers, Loan Operations staff, and anyone responsible for mortgage loan origination compliance.