How to operate successfully under the new TILA-RESPA integrated disclosure rule (TRID)
The new TILA-RESPA integrated disclosure rule (TRID) became effective in 2015, but it is still the most important issue facing mortgage lenders this year. Software systems and workflows are still being revised, and costly errors are still occurring. Investors are rejecting loans because of technical TRID violations, costing lenders a great deal of lost profits. This is the time to learn the most up-to-date information about TRID from the former CFPB Senior Counsel and Special Advisor who led the TRID rule and the design of the TRID disclosures.
In this session, expert speaker Richard Horn will address issues facing lenders and settlement agents in operating under the new TILA-RESPA integrated disclosure rule (TRID), including common mistakes, liability issues, and how to cure violations.
Richard will provide you with knowledge about operating successfully under TRID and dealing with violations and challenges as they arise. You will get to learn whether and how you can cure violations of TRID and also get to know how to avoid TRID mistakes that are commonly made. This session will also provide you with the most up-to-date information about TRID. After this session you will understand the issues facing the industry post-implementation, the most common mistakes to avoid, and the options to cure mistakes if they do happen. Learn from the former CFPB Senior Counsel & Special Advisor who led the final TRID rule, and the design of the TRID disclosures.
In this program you will learn:
The most up-to-date TRID information
How to avoid common TRID mistakes
How the regulatory agencies may examine for and enforce TRID
How civil and assignee liability works under TRID
Whether and how you can cure violations of TRID
This will help you avoid unsaleable loans, citations in compliance exams, and borrower lawsuits.
RICHARD HORN led the final TRID rule (the TILA-RESPA integrated disclosures) while a Senior Counsel & Special Advisor in the Consumer Financial Protection Bureau's Office of Regulations. He also led the CFPB's design and consumer testing of the integrated disclosures. Richard is one of the forem...
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