TRID Ahead
So you’ve heard of the CFPB by now, but do you really know how the changes are going to affect your business practices? With the new TRID rules that are being implemented, are you going to be ready to help your clients?
What is TRID you say? It stands for TILA-RESPA Integrated Disclosure…and it’s only a part of the upcoming changes. There will be new timelines, new documents, and new procedures that you absolutely must be aware of AND understand! This class will show you what you need to know in order to prepare yourself! We will present an overview the new regulations and penalties for non-compliance, along with how these new regulations will affect your processing of transactions. Classes will also review each of the new forms needed to process a real estate purchase.
You should leave this class with a broad understanding of the new TRID rules and feel confident in navigating the process when the new rules are implemented.
3Hrs General CE
Lessons
1. Glossary of Terms – TRID Ahead
2. Glossary of Terms Part 2 – TRID Ahead
🔊 Listen to Lesson Intent to Proceed: The borrower must sign an Intent to Proceed. The receipt of this intent provides the lender the ability to collect payment for fees, other than a credit…Intent to Proceed: The borrower must sign an Intent to Proceed. The receipt of this intent provides the lender the ability to […]
3. Section 1 Exam -TRID Ahead
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
4. Wall Street Reform: The Dodd-Frank Act – TRID Ahead
🔊 Listen to Lesson In the fall of 2008, a financial crisis of a scale and severity not seen in generations leftmillions of Americans unemployed and resulted in trillions in lost wealth. Our broken…In the fall of 2008, a financial crisis of a scale and severity not seen in generations leftmillions of Americans unemployed and […]
5. Overview of History of CFPB – TRID Ahead
🔊 Listen to Lesson Creating the Consumer Bureau Beginning in 2007, the United States faced the most severe financial crisis since the Great Depression. Millions of Americans saw their home values drop, their savings…Creating the Consumer Bureau Beginning in 2007, the United States faced the most severe financial crisis since the Great Depression. Millions of […]
6. Consumer Financial Protection Bureau Protect Me – TRID Ahead
🔊 Listen to Lesson The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and…The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, […]
7. Section 2 Exam -TRID Ahead
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
8. History of the TILA/RESPA (TRID) – TRID Ahead
🔊 Listen to Lesson (TRID) Regulations from the CFPB For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage. The law also…(TRID) Regulations from the CFPB For more than 30 years, Federal law has required lenders to provide two different disclosure forms to […]
9. Overview of the TILA-RESPA Rule – TRID Ahead
🔊 Listen to Lesson What Does The TILA-RESPA Disclosure Rule Mean To You? What is the TILA-RESPA rule about? The TILA-RESPA rule consolidates four existing disclosures required under TILA and RESPA for closed-end credit…What Does The TILA-RESPA Disclosure Rule Mean To You? What is the TILA-RESPA rule about? The TILA-RESPA rule consolidates four existing disclosures […]
10. Following RESPA Rules for TRID – TRID Ahead
🔊 Listen to Lesson In 1974, Congress enacted the Real Estate Settlement Procedures Act (RESPA) as a consumer disclosure and anti-kickback statute. As a result, RESPA serves four primary purposes: RESPA requires disclosures that list settlement…In 1974, Congress enacted the Real Estate Settlement Procedures Act (RESPA) as a consumer disclosure and anti-kickback statute. As a result, RESPA serves […]
11. RESPA MSA – Dos and Don’ts For Real Estate Brokers and Agents -TRID Ahead
🔊 Listen to Lesson RESPA Do’s For MSA’S Real estate brokers and agents must comply with the Real Estate Settlement Procedures Act, or RESPA, which prohibits brokers and agents from receiving any thing of…RESPA Do’s For MSA’S Real estate brokers and agents must comply with the Real Estate Settlement Procedures Act, or RESPA, which prohibits […]
12. RESPA Q & A – TRID Ahead
🔊 Listen to Lesson The National Association of Realtors has compiled below a list of questions that we commonly receive about the Real Estate Settlement Act, or “RESPA”, for both real estate professionals and…The National Association of Realtors has compiled below a list of questions that we commonly receive about the Real Estate Settlement Act, […]
13. Section 3 Exam -TRID Ahead
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
14. INTRO to Making the Mortgage Process Easier – TRID Ahead
🔊 Listen to Lesson The CFPB’s mortgage initiative is designed to help consumers understand their loan options, shop for the mortgage that’s best for them, and avoid costly surprises at the closing table. Making…The CFPB’s mortgage initiative is designed to help consumers understand their loan options, shop for the mortgage that’s best for them, and […]
15. Loan Estimate Explained in Plain English – TRID Ahead
🔊 Listen to Lesson Loan Estimate Explained in Plain English This new form integrates and replaces the existing RESPA GFE and the initial TILA disclosure for these transactions. The LE must contain a good…Loan Estimate Explained in Plain English This new form integrates and replaces the existing RESPA GFE and the initial TILA disclosure for […]
16. Closing Disclosure Explained – TRID Ahead
🔊 Listen to Lesson Closing Disclosure At-a-glance The new form is 5 pages long. New form replaces the TILA and HUD-1. One Closing Disclosure is required for each loan. Charge descriptions on both the…Closing Disclosure At-a-glance The new form is 5 pages long. New form replaces the TILA and HUD-1. One Closing Disclosure is required […]
17. Learn what has and hasn’t changed about the mortgage process – TRID Ahead
🔊 Listen to Lesson Seven facts you need to know about the mortgage process To help you prepare, we’ve summarized what has and has not changed about the mortgage process and how these changes…Seven facts you need to know about the mortgage process To help you prepare, we’ve summarized what has and has not changed […]
18. Section 4 Exam -TRID Ahead
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
19. TILA-RESPA Integrated Disclosure Rule Changes to AAR Forms – TRID Ahead
🔊 Listen to Lesson The Consumer Financial Protection Bureau (CFPB) published the TILA-RESPA Integrated Disclosure rule (TRID) which combines and replaces disclosures that consumers receive in connection with applying for and closing on a…The Consumer Financial Protection Bureau (CFPB) published the TILA-RESPA Integrated Disclosure rule (TRID) which combines and replaces disclosures that consumers receive in […]
20. Pre-Qualification Form & The Loan Status Update with TRID Updates – TRID Ahead
🔊 Listen to Lesson Lines 1-5 Of the Pre-Qual The Pre-Qualification Form is now required to be submitted in conjunction with the Residential Resale Real Estate Purchase Contract (Contract) at the time of offer.…Lines 1-5 Of the Pre-Qual The Pre-Qualification Form is now required to be submitted in conjunction with the Residential Resale Real Estate […]
21. The Purchase contract -TRID Ahead
🔊 Listen to Lesson Buyer Attachment Buyer is reminded to: Read the entire contract before signing Review Section 4a (SPDS) Confirm ability to obtain insurance during inspection period Apply for a loan Get funds…Buyer Attachment Buyer is reminded to: Read the entire contract before signing Review Section 4a (SPDS) Confirm ability to obtain insurance during […]
22. The Real Estate Professional’s Guide – TRID Ahead
🔊 Listen to Lesson Know Before You Owe mortgage initiative Real estate professionals are trusted resources for people choosing to buy a home. New rules taking effect will change your clients’ home buying experience.…Know Before You Owe mortgage initiative Real estate professionals are trusted resources for people choosing to buy a home. New rules taking […]
23. Section 5 Exam -TRID Ahead
🔊 Listen to Lesson You will need to wait for the timer to run out before you can submit the Exam.You will need to wait for the timer to run out before you can submit the Exam.
24. Final Exam-TRID Ahead
🔊 Listen to Lesson The Final is not timed. Once you have passed this final… For The Once you have passed this final… For TRID Ahead Remember to PRINT OUT YOUR CERTIFICATE and then you may…The Final is not timed. Once you have passed this final… For The Once you have passed this final… For TRID Ahead […]
