TRID FAQ’s – ON-DEMAND WEBINARS

Date Recorded: March 22, 2021

Presenter: Anetria Cohen, Vice President and Senior Consultant, FORVIS

A two-hour webinar on the most asked questions we receive for TRID.

The Loan Estimate and Closing Disclosure, adopted October 2015, is a detailed, complicated law that continues to confuse us. Although the Consumer Financial Protection Bureau’s clarifications helped in some ways, there are a still a number of issues that we continue to grapple with.

This webinar will answer questions that FORVIS speakers and consultants commonly receive regarding the TRID process and forms. We will also review the FAQs published by the CFPB.

HERE IS WHAT YOU WILL LEARN:

• Timing
  • When can I provide a revised LE?
  • CD: When is it too early?
  • CD: When do I need to provide a new waiting period? What is APR tolerance?
  • What is the effect of providing disclosures electronically?
• Procedure
  • When and how can I provide an updated settlement providers list?
  • How do I do tolerance comparison?
  • What is a changed circumstance?
• Forms
  • What if I make a mistake?
  • Where do I put construction holdback?
  • Where do I put fees?
  • How is page 3 of the CD different from page 2?
  • Can I have a non-borrower sign the documents?
• CFPB FAQs
• Any questions you have!