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Description:
This webinar will go through a TRID loan estimate line by line. The training may be watched in conjunction with or separately from the TRID Line by Line Refresh – Part 2 (covering the closing disclosure). This training will dive deeply into pitfalls, considerations, and guidance on the technical aspects of completing a loan estimate.
Key Takeaways:
- Tolerance Provisions
- Consideration of each field on a TRID Loan Estimate
- Reviewing the good faith standard
People Who Should Attend: Consumer lending staff including mortgage loan originators, loan processors, department managers, and compliance and audit personnel
Presenter:
Karl Nelson, CRCM
Compliance Advisor
Karl Nelson, CRCM, serves as Compliance Advisor for Compliance Hub. Karl holds a Bachelor’s degree of Science with a concentration in Business Management from the University of Alabama at Birmingham. Similar to many at Compliance Alliance, Karl began his career as a teller and served in compliance roles at banks of various asset sizes, which allowed him to observe various areas of the bank and build a solid foundational base in regulatory compliance, customer relations, and operations.
In his latest role, Karl served as a Compliance Officer at a community bank where his responsibilities included helping create the annual review schedule, conducting targeted reviews of compliance regulations, educating employees through compliance presentations/materials, and advising key stakeholders of current and emerging risks. His skillset includes streamlining processes, implementing robust controls/solutions, allowing the lines of business to be compliant while remaining operationally efficient.