Examiners and auditors are requiring full compliance with the detailed and
technical TILA/RESPA Integrated Disclosure (TRID) requirements, including the
2018 TRID amendments. Given the complexity of the requirements, mortgage lenders
need to perform internal reviews and analysis of their mortgage practices in
order to appropriately push-back on overstated or incorrect findings. This
session will outline common issues and best practices for preparing and
responding to exams or audits.
This webinar will provide answers to common
questions and likely areas of examiner or auditor scrutiny. Timing requirements,
written lists of providers, and tolerance levels will be specifically analyzed.
Documentation and record retention requirements will also be addressed.
- Timing requirements for loan estimates, written list of
providers, revised loan estimates, and closing disclosures
levels and options for providing tolerance cures
requirements for intent to proceed, changed circumstances, and an applicant’s
receipt of required disclosures
- Common questions and resources to assist
in documenting compliance
- Tips for pinpointing regulatory sections for
additional research and confirmation
Steven Van Beek, Esq., NCCO, Howard & Howard Attorneys PLLC