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Avoiding the Top 10 Common TRID Errors

During this session we will review sample integrated disclosures for a fixed rate, adjustable rate, and construction loan. In reviewing these documents we will discuss regulatory requirements, dive into the guidance, and review common errors made by bankers when completing the LE and CD.

OnDemand
Recorded Thursday,
June 3rd, 2021
Presented by Dawn Kincaid
1h 30m total length
2 CEU Credits
$195.00 or 1 Token

Includes: 30 Days OnDemand Playback, Presenter Materials and Handouts

  • Compliance
  • Risk Management/Legal
  • TRID
  • Branch Manager
  • Commercial Lender
  • Compliance Officer
  • Internal Auditor
  • Loan Operations Manager/Specialist
  • Mortgage Lender

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TRID...the annoying loan compliance guest who just won’t go away! So much of your compliance efforts over the last several years have been devoted to implementing TRID and ensuring your disclosures are provided to your borrowers in a timely manner and that they are accurate. TRID rules are continuing to grow and evolve. And the examiners are diving deeper into your disclosures and processes to ensure you are providing accurate documents to your applicants and borrowers.

During this session we will review sample integrated disclosures for a fixed rate, adjustable rate, and construction loan. In reviewing these documents we will discuss regulatory requirements, dive into the guidance, and review common errors made by bankers when completing the LE and CD.

Covered Topics

  • Define loans covered by TRID rules
  • Distinguish between the “purpose” under TRID versus HMDA versus URLA
  • Explain when a revised Loan Estimate is necessary
  • Understand requirements for single-close and separate construction and permanent phase closings for construction loans
  • Review your projected payment amounts and other calculations for accuracy
  • Test charges subject to tolerance standards
  • Recognize when a corrected CD is required

Learn caption

This informative session is designed for Loan Officers, Loan Operations personnel, Compliance Officers and your Internal Auditor.


Dawn Kincaid

Instructor Bio

Dawn Kincaid began her banking career while attending The Ohio State University. She has 19 years of experience in client service, operations, information technology, administrative and board relations, marketing, and compliance. Most recently Dawn served as the Senior Vice President of Operations for a central-Ohio-based community bank, where she created and refined policies and procedures, conducted self-audits and risk assessments, and organized the implementation of new products and services. Dawn has served in the roles of Compliance, BSA/AML, CRA, Privacy, and Security Officer. She has led training initiatives, prepared due diligence information, completed a variety of regulatory applications, coordinated internal and external audits, and exams, and presented for numerous state associations.


Credit Information

Recommended for 2 CEU Credit Hours. After attending this webinar, each attendee can receive a Certificate of Attendance for self-reporting of CEU Credits.