Lizeth GeorgeThe League of Southeastern Credit Unions & Affiliates (LSCU) is excited to bring you an Understanding TRID Tolerance Cures webinar on September 29, 2021. Join this 90-minute session that will review mortgage lenders’ obligation to comply with the various TRID tolerance levels. Examples will be used to demonstrate the proper calculation of the 10% cumulative tolerance category and the associated good faith analysis. It will also analyze the increased difficulty presented by situations where multiple Loan Estimates have been issued or where a Closing Disclosure or corrected Closing Disclosure has been used to reset tolerance levels. This informative session is designed for mortgage lenders, compliance staff, and audit teams.
After this webinar you’ll be able to:
- Understand the TRID tolerance levels and options for providing tolerance cures
- Conduct the good faith analysis for tolerance violations
- Explain when a revised Loan Estimate or a Closing Disclosure can “reset” tolerances
- Implement best practices for tracking disclosures and fees for the good faith analysis
- Explain the requirements for providing a compliant written list of service providers
MEET THE PRESENTER
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Steven Van Beek, JD Howard & Howard Attorneys PLLCSteve Van Beek is an attorney at Howard & Howard Attorneys PLLC where he concentrates his practice in the area of financial regulations. He assists financial institutions throughout the country manage and reduce compliance, legal, and reputation risks. Prior to joining Howard & Howard, he served as the Vice President of Regulatory Compliance at the National Association of Federal Credit Unions (NAFCU). He received his bachelor’s from Hope College and his JD from George Mason University School of Law and is a member of the American Bar Association. |
