Part 1 Recorded on October 19, 2020 — 2 hours
Part 2 Recorded on November 2, 2020 — 2 hours
Part 3 LIVE - November 18, 2020
Part 4 LIVE - December 2, 2020 

WHAT?

The Truth In Lending/Real Estate Settlement Procedures Integrated Disclosures (TRID) requirements are overwhelming for almost everyone, but especially so for someone with little or no experience with the requirements. The TRID rules were originally published in 2013 and were effective in October 2015. Final TRID 2.0 rules were published in July 2017, and were effective on October 1, 2018. The next version of the TRID rules are in development right now.

This four-part program provides the information needed to master the TRID rules. It focuses on origination of closed-end loans secured by real property. It does not cover open-end credit or credit that is unsecured or secured by collateral other than real property or a cooperative unit.

WHY?

This four-part program provides a very comprehensive review of the TRID rules, the Loan Estimate (LE), and the Closing Disclosure (CD). Whether you are new to TRID or a veteran seeking a review of the requirements this program will meet your needs.

Participants receive a detailed manual that serves as a handbook long after the program is completed.
 

PROGRAM CONTENT

The TRID rules are divided into the four parts of this program. While it appears that certain content is repeated in more than one part, the content of certain disclosures vary between the LE and the CD, and there are definitely different rules for construction loans.

Part 1 October 19, 2020

• General Rules

1. Covered Transactions
2. Exempt Transactions
3. Predisclosure Activity
4. Early Disclosures

• Loan Estimate
• Shopping Disclosure
• Toolkit

1. Tolerance
2. Good Faith
3. Revised Disclosures

• LE
• CD

1. Waiver of Waiting Period

Part 2 November 2, 2020

• Loan Estimate – Line-by-Line

1. General Information
2. Loan Terms
3. Projected Payments
4. Costs at Closing
5. Loan Costs
6. Other Costs
7. Calculating Cash to Close
8. Comparisons
9. Other Considerations
10. Air Table
11. AP Table
12. Confirm Receipt

Part 3 November 18, 2020

• Closing Disclosure – Line-by-Line

1. General Information
2. Loan Terms
3. Projected Payments
4. Costs at Closing
5. Loan Costs
6. Other Costs
7. Calculating Cash to Close
8. Summaries of Transactions
9. Loan Disclosures
10. Loan Calculations
11. Other Disclosures
12. Contact Information
13. Air Table
14. AP Table
15. Confirm Receipt

Part 4 December 2, 2020

• TRID for Construction Loans

1. Scope
2. Timing
3. Appendix D
4. General Information
5. Loan Terms
6. Projected Payments
7. Loan and Other Costs
8. Calculating Cash to Close
9. Summaries of Transactions
10. Loan Disclosures
11. Air Table
12. AP Table
13. Loan Calculations
14. Other Disclosures
15. Contact Information
16. Confirm Receipt

WHO?

The program is designed for loan officers, compliance officers, loan support staff, marketing staff, auditors, and any others with responsibilities related to the TRID rules.

About this course...