Completing Loan Estimates and Closing Disclosures can be tricky but completing them for a construction loan can be a downright challenge. Construction loans are an area where the CFPB was slow to issue guidance which just added to the confusion. In July 2017, they issued a Final Rule that provided many substantive updates to TRID which ultimately cleared up a lot of questions surrounding construction loans. Compliance with these updates was mandatory October 1, 2018. Are you in compliance? Or, do you need a refresher? Let us get you on the right track!
The "TRID: All About Construction Loans" webinar has been approved for 2.5 CRCM credits. This statement is not an endorsement of this program or its sponsor. Credits are redeemable for Live attendance only. Certification holders must report these credits at https://aba.csod.com.
What You Will Learn
- The Latest CFPB Updates & FAQs
- Appendix D in Plain English
- Calculating the Cash to Close Tables
- Sample Disclosures
- Construction Applications - One or Two Applications?
- How to Disclose Construction Holdbacks
- Answers to Your Questions & Much More!
Who Should Attend?
This webinar is designed for consumer real estate loan officers, loan processors, compliance and audit personnel.
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