"Know Before You Owe" Lunch and Learn
Monday, July 13, 2015 11:00 AM

You Are Invited to a Mortgage Lending Educational Session

Monday July 13, 2015
11:00 am - 1:00 pm

Cornerstone CU League
4455 LBJ Freeway Suite 1070
Farmers Branch, TX 75244
469-385-6400

RSVP by July 9, 2015. RSVP by calling or e-mailing Bonnie Cox at: 800-442-5762, Ext. 6421 or bcox@curesources.coop

Topic: The TRID Train is Coming

August 1, 2015 is the deadline for the integrated disclosure rule that combines the RESPA disclosures with the TILA disclosures.

This rule has proved the most difficult from an operational standpoint to implement, as it has drastically changed the forms and the calculations, but more importantly it will alter the way the industry closes mortgage loans.

What happens if your members have a moving van parked in front of their new home ready to move.  They learn that they will not be able to get the keys for 3 to 7 days because of a slight fee change at the closing table that requires a new closing disclosure, and that disclosure is followed by a required waiting period.

Wallace Jones, VP National Training Manager at CU Members Mortgage will help you to understand the rule, and the expectations for your forms and process and staff training. 

Make  sure your staff sets the proper expectation for your members and you can at least mitigate some of the post August 1st issues.

 
 

 

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6801 Parkwood Blvd.
Suite 300
Plano, Texas 75024
Phone: (469) 385-6400
Toll Free: (800) 442-5762
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