TRID for Beginners

Be sure to JOIN US on February 11, 2020, for our webinar, “TRID for Beginners”. 

Are you new to TRID and looking to learn the basics? If so, you are in luck!  We have put together a webinar that will get you on the right track with TRID compliance.  A common beginner question we get is, “What’s the difference between Section C on page two of the Loan Estimate versus Section B on page two of the Loan Estimate?”

Click on the video to listen to Jerod explain more.

Other Upcoming Lending Webinars:

February 25thAll About Escrows

February 13thThe Mortgage Life Cycle (A Five-Part Webinar Series)

February 25thAll About Escrows

March 17thTRID: How to Complete the Loan Estimate

March 24thTRID: How to Complete the Closing Disclosure

March 26thCompliance Just for Commercial Lenders

Published
2020/02/03

Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD

The Mortgage Life Cycle

Be sure to JOIN US beginning February 13, 2020, for our webinar, “The Mortgage Life Cycle (A Five-Part Webinar Series)”. 

Mortgage lending compliance is tough!  There are a lot of rules and a lot of specific timing requirements which can create headaches for even your seasoned loan officers.  This webinar series will start with the requirements that apply before application and walk you through each step of the mortgage loan process, in chronological order, until we reach the post-closing requirements.  There is no duplication of information within these segments.

The sessions will be held on February 13, February 20, February 27, March 5 and March 12. Don’t worry if you can’t attend each one live, you will get a recording of each session, as well as written answers to all the questions submitted during the live event.  You will also receive a 700+ page resource manual that will help you get on the path to success in no time!

Click on the video to listen to Jerod explain more.

Other Upcoming Lending Webinars:

February 11thTRID for Beginners

February 25thAll About Escrows

March 17thTRID: How to Complete the Loan Estimate

March 24thTRID: How to Complete the Closing Disclosure

March 26thCompliance Just for Commercial Lenders

Published
2020/01/27

Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD

Do You Audit TRID files?

Be sure to JOIN US on January 23, 2020, for our webinar, “Auditing TRID”. 

If you audit TRID files, do your files have a copy of the seller’s Closing Disclosure?  This is a very common error we see when we conduct loan reviews.  While you are not responsible for what’s disclosed on the seller’s Closing Disclosure, you are required to obtain and keep a copy of it.  This is just one of the many common TRID errors that will be covered during the webinar.

Click on the video to listen to Jerod explain more.

Other Upcoming Lending Webinars:

February 11thTRID for Beginners

February 13thThe Mortgage Life Cycle (Five-Part Webinar Series)

February 25thAll About Escrows

March 17thTRID: How to Complete the Loan Estimate

March 24thTRID: How to Complete the Closing Disclosure

Are you responsible for reviewing TRID files? Have you located the sellers version of the closing disclosure? Hi there, this is Jared Moyer with Banker’s Compliance Consulting.

That’s one of the several very common errors that we’ve seen recently with TRID files. There’s a requirement that while you’re not supposed to be charged with compliance for the sellers version of the closing disclosure as provided by their settlement agent, you are required to have a copy of the closing disclosure provided by the sellers settlement agent to the seller. And you’ll get cited if you don’t have a copy of that in your file.

Now, this is just one of the many things that we’re going to take a look at when we provide our upcoming two-hour webinar that is called auditing TRID. Now, the idea is we’re going to look at the TRID requirements from a unique perspective. However, this program is not just designed for those that do auditing those that review TRID files. If you’re the loan officer or maybe you’re the processor, I would think you’d also want to have an idea of what’s being looked at when those files are being audited. So, we’d love to have you get your team registered and join us for this two hour program. We’ll hope to see you there.

Published
2020/01/13

Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD

Loan Pricing & Fair Lending

Be sure to JOIN US on January 16, 2020, for our webinar on “Fair Lending”. 

Does your bank offer some sort of relationship loan pricing?  Being proactive, and not reactive, when it comes to the potential fair lending risks will help you stay out of trouble with examiners.

Click on the video to listen to Jerod explain more.

Other Upcoming Lending Webinars:

January 23rdAuditing TRID

February 11thTRID for Beginners

February 13thThe Mortgage Life Cycle (Five-Part Webinar Series)

February 25thAll About Escrows

March 17thTRID: How to Complete the Loan Estimate

March 18thTRID: How to Complete the Closing Disclosure

Published
2020/01/06

Want more Free Lending tools? See here – https://store.bankerscompliance.com/link/LendingFD

FREE Lending Q & A

Do you have burning questions related to lending compliance?  Struggling with TRID, HMDA, Fair Lending, etc.?  If so, we’d love to have you join us on January 15, 2020, for our FREE Lending Q & A Forum where we’ll answer questions such as:

Question:  On a TRID loan, do we only disclose the fees that we will be charging the customer? 

Answer:  On the Loan Estimate, you only disclose fees that the consumer/borrower will be obligated to pay.  The Closing Disclosure should disclose all fees paid in connection with the transaction, except those services that are factored into your cost of doing business.  For example, maybe you don’t pass along an itemized cost for an appraisal, but have a higher origination fee.  In that case, the appraisal cost would not need to be itemized and disclosed.

Question:  Is a refinance of what was originally an “ag” loan HMDA-reportable?

Answer:  No. Ag loans are somewhat unique when it comes to HMDA because they are excluded both by “purpose” and “collateral”.  A loan primarily for ag purposes is not reportable, even if it meets the HMDA definition of a refinance.  Similarly, if you have a dwelling-secured loan and that dwelling is located on property that is used primarily for agricultural purposes, it is not considered a dwelling for HMDA.

All you have to do is register for the Forum on our website and then start pre-submitting your lending questions to training@bankerscompliance.com (please put “January Forum” in the subject line).  We will answer as many of your questions as we can during the allotted hour.

See you there!!

Published
2019/12/16