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

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