Although it has been nearly four years since the Consumer Financial Protection Bureau introduced TRID, many financial institutions are still struggling in the application of TRID; even after the adoption of clarifications issued to the final rule within the past two years. In today’s environment, financial institutions are faced with many unique loan situations, construction rule uncertainties and overall demands to fulfill the business needs while maintaining TRID compliance.

The SFCA shares in these concerns and has put together a TRID seminar that will not only provide a general overview of the TRID final rule but will address the recent clarifications affecting construction loans. In specific, some of the areas addressed in the seminar will include, among others:

• Overview of TRID – expanded scope of coverage;
• The rules for the timing and delivery requirements, accuracy and content of the Loan Estimate and Closing disclosures;
• Effects of redisclosure and when permissible;
• How to disclose simultaneous subordinate lien loans;
• Tolerance requirements for charges paid to all parties;
• Clarification on when and how to disclose a rate lock;
• Proper disclosure of lender and seller credits;
• Revision to disclosures of escrow disclosure requirements;
• Guidance on sharing disclosures with various parties involved in the mortgage origination process;
• How to disclose construction loans – one or two applications (inclusive of recent Q&A clarifications);
• How to disclose construction holdbacks;
• What triggers the Adjustable Payment Table & How to complete it;
• Accurately disclosing the Calculating Cash to Close table;

To deliver this information, the SFCA is extremely pleased to welcome back as its speaker, Ms. Patti Joyer Blenden. She is a well-recognized expert in the regulatory arena and a specialist in delivering comprehensive and thorough training in an enjoyable platform.