Now that we’re almost a year into the use of TILA-RESPA Integrated Disclosures (TRID), has your credit union done a review to ensure Loan Estimates and Closing Disclosures are being completed correctly and provided in a timely manner? While examiners are still looking at “good faith efforts” to comply, now is the time to step back and review your process. During this session, we’ll talk about what credit unions should look for as you do a TRID compliance review to evaluate your credit union’s good faith efforts for due diligence.
Covered Topics
- Items needed for a TRID review
- What to look for in each file
- Comparing the Loan Estimate and the Closing Disclosure
- Record retention
- Writing the report