Be sure to JOIN US for our three-part webinar series, “TRID A-Z”. These sessions will occur on November 5th, November 12th and November 19th
The CFPB has updated their TRID FAQs a couple of times in 2020 and one area of clarification involved disclosing fees that are “absorbed” versus “offset”. For example, if you’re not going to charge for something, such as a credit report, the fee doesn’t need to be disclosed on the Loan Estimate. It does, however, still need to be on the Closing Disclosure. The rules are a little different; however, when you “offset” costs.
Click on the video to listen to Jerod explain more.
Here is some feedback we’ve received on “TRID A-Z”:
This webinar was absolutely what I was hoping it would be. I have a couple new employees to the department and this webinar gave some of the basic information they needed to hear. Jerod covered a lot of information in great detail. It was delivered in a manner that our new employees could understand. Thank you! I feel like this is one of the best webinar’s we have attended.
It’s very helpful to have the information presented in terms we can understand.
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Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar, or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups, and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.
Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports related!