Deep Dive Overview: TILA/RESPA Integrated Disclosures

This training program will discuss the changes to initial and closing disclosures relative to TILA and RESPA. It will offer attendees a clearer understanding of changes to variance thresholds, affiliate relationships, and illustrate the importance of knowing your fees and avoiding closing delays.

Why Should You Attend:

August 1, 2015 is the deadline to begin using the new integrated disclosures under TRID (TILA-RESPA Integrated Disclosures). After this date, an institution will be out of compliance if the GFE and TIL are used for loans outside of HELOCs, reverse mortgages, and those dwellings not attached to real property. It is imperative your institution understands the new forms, new timing requirements, new tolerance thresholds and much more. The timing alone is a significant change which could cause a majority of loans to have delayed closings if not handled correctly.

This webinar will set the stage for preparation and understanding. Attendees will understand the tolerance buckets, get an overview of the new forms and some tips on each section, understand definition and timing changes, and review what is the same before and after August 1, 2015.

Areas Covered in the Webinar:

• Description of and walk through of each new form (loan estimate and closing disclosure)
• Defining the terms application, business day (at initial and closing) and variance thresholds
• Timing on providing the loan estimate and closing disclosure
• Restrictions on providing the loan estimate
• Changed circumstances of the loan estimate: allowances and processes
• Other considerations of the loan estimate
• Revisions of the closing disclosure: allowances and processes
• Exemptions and applicability of the law

Who Will Benefit:

• Compliance Officers
• Operations Personnel (Disclosure Desk, Processors, Closers, Funders)
• Mortgage Loan Officers
• Branch Managers
• Auditors