Description
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.
Topics Covered:
This on-demand 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:
Compliance Officers, Loan Officers, Auditors, Closers, Loan Operations staff, and anyone responsible for mortgage loan origination compliance.
* Please note that the recording links will be delivered to you via a downloadable PDF in your confirmation e-mail. The PowerPoint that corresponds with the recording will be automatically delivered upon purchasing via email from the website.
