TRID – Understanding the Facts

TRID (TILA-RESPA Integrated Disclosure) has been a cornerstone of mortgage compliance for nearly a decade, yet its complexity continues to make it one of the most frequently cited areas for violations. Achieving compliance requires more than a high-level overview—it demands a clear understanding of the rules, timing requirements, and practical application.

TRID regulations are designed to enhance transparency and consumer understanding in the mortgage process, but several factors make them challenging to navigate:

• Regulatory complexity and multiple amendments over the years

• Strict timing requirements for disclosures

• Potential for costly violations and associated risks

• Coordination with third parties and reliance on technology

• Ongoing evolution and updates by the CFPB

Staying current with the basics, the latest amendments, and regulatory interpretations is essential for ensuring compliance and adapting to future changes.

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

Topics Covered:
This session provides a focused dive into TRID’s general rules and the framework behind its definitions, with practical guidance on applying them in real-world scenarios. Topics include:

• General Rules

  • Covered and exempt transactions

  • Pre-disclosure activities

  • Early disclosures: Loan Estimate, Shopping Disclosure, and Toolkit

  • Tolerances and good faith requirements

  • Revised disclosures (Loan Estimate and Closing Disclosure)

  • Waiver of waiting period

  • Top exam issues

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