A July 2017 Final Rule updated the TRID rules with some substantive changes in many areas where implementation challenges were identified. The 560-page rule formally implements CFPB guidance on topics such as shopping, good faith, calculating cash to close, construction loans, seller credits, disclosing property taxes and property value, revised disclosures, and much more. In addition to these clarifications, another proposal was introduced for further amendments. This Final Rule is not something you want to overlook!
The Final Rule has a mandatory compliance date of October 1, 2018; however, many of the changes you can begin implementing right away. Do you have it all figured out? Rest assured we have all the information for you, in plain English! Join us for our TRID Update-The 2017 Final Rule Webinar on November 2, 2017.
Deb joined Banker’s Compliance Consulting with twenty years of experience in the banking industry. Her past positions include teller, credit review analyst, assistant financial officer, BSA Officer, Compliance Officer, and Director of Compliance. She has worked for both a small community bank and a large billion-dollar bank.
Deb has Associate Degrees in Business Management and Accounting. She is a graduate of the American Bankers Association National Graduate School of Compliance Management, an honors graduate of Schools of Banking Compliance School, and a graduate of Schools of Banking Advanced School of Banking. Deb’s considerable knowledge and experience make her a valuable member of the Banker’s Compliance Consulting Team. Deb is a Certified Regulatory Compliance Manager (CRCM) and a Certified Anti Money-Laundering Specialist (CAMS).
Deb loves to spend her free time cycling, running, kayaking and weight lifting with her husband. Between them, they have three adult children and six grandchildren. Other interests include anything outdoors and anything she hasn’t done or seen yet!