TRID: Auditing the LE & CD for Compliance
Catch TRID errors and omissions before they cost you! TRID continues to challenge lenders and auditors with its complex, high‑risk requirements. This webinar will equip participants with the knowledge and tools to audit the Loan Estimate (LE) and Closing Disclosure (CD) for accuracy and compliance. Learn how to verify delivery timing, evaluate good faith standards, and determine when a changed circumstance is valid and properly documented. Join us for this high-impact session designed to give auditors the clarity, confidence, and practical resources they need to navigate TRID compliance effectively.
KEY WEBINAR TAKEAWAYS
- Timing requirements
- Determining if a valid changed circumstance occurred
- Auditing loan documentation for TRID compliance
- Confirming if disclosures were issued in good faith
BONUS MATERIALS
- TRID formulas to verify key calculations
- Sample loan cost comparison worksheet to determine good faith
- Tolerance chart identified by fee category
- Explanation of the FFIEC’s federal disclosure computational tools
WEBINAR DETAILS
TRID remains one of the most complex and high-risk regulatory requirements, making it essential for institutions to have strong tools and processes in place to routinely audit the Loan Estimate (LE) and Closing Disclosure (CD) for accuracy and compliance. In this session, we will break down the most critical TRID requirements, including document delivery timing, evaluating whether the good faith standard has been met, and determining when a changed circumstance is valid — and properly supported by file documentation. Participants will receive a practical walkthrough of the FFIEC’s disclosure computational tools, learning how to test and validate the accuracy of the annual percentage rate (APR) and finance charges with confidence.
