Construction loans have caused a lot of havoc for the industry ever since the TRID Rule was first released. The lack of guidance has left many of us frustrated. Fortunately, the industry asked for further clarification on these types of closed-end, multiple-advance loans and we got some with the TRID changes that become mandatory in October or as we lovingly refer to it “TRID 2.0”! As with most things compliance-related, there were a few surprises in what the CFPB gave us.
We recently hosted a webinar entitled, “TRID: All About Construction Loans” that covers everything you need to know about doing construction loans under TRID. If you missed it, don’t worry, you can still access it On-Demand.
If you do construction loans, you need to make sure you take a close look at these requirements!
What Others Said About the Webinar
Diane joined Banker’s Compliance Consulting with over 10 years of compliance experience and over 15 years of experience within the financial industry. Diane is a Certified Regulatory Compliance Manager (CRCM) and has a Bachelor’s Degree in Sociology with a concentration in Criminal Justice. She is a graduate of the Schools of Banking Compliance School and has participated in various other training opportunities throughout her career. Diane understands firsthand the struggles banks face in building and maintaining successful compliance programs. Her experience and common sense approach to consumer compliance is a great asset to our clients.
Diane and her husband have two kids who keep them busy. She enjoys running and other sports and is a big Bugs Bunny fan! She’s a bit crazy in that she does enjoy reading some of these regulations and she’s a “crazy cat lady!” Her cat tales are hilarious!