TRID – Diving into the Loan Estimate (LE)

TRID (TILA-RESPA Integrated Disclosure) has been a key part of mortgage compliance for nearly a decade, yet it continues to be one of the most commonly cited violation areas. While TRID was designed to simplify the mortgage disclosure process, the Loan Estimate (LE) introduces its own set of challenges:

• Complexity and prescriptive detail of the rule

• Maintaining accuracy and meeting strict timelines

• Effective communication and coordination

• Strong training and internal controls

The intricacy of the LE requires precise data, robust technology, and well-trained staff. A recent Fannie Mae study found that 78% of lenders struggle to coordinate with third-party technology vendors, highlighting the ongoing compliance challenges. Understanding the LE’s requirements is essential for staying compliant and preparing for future updates.

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

Topics Covered:
This session provides a detailed, line-by-line walkthrough of the Loan Estimate, with practical guidance for applying the rules correctly:

• Loan Estimate Sections:

  • General Information

  • Loan Terms

  • Projected Payments

  • Costs at Closing

    • Loan Costs

    • Other Costs

  • Comparisons

  • Other Considerations

  • Top Issues and common pitfalls

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