TRID: Changed Circumstances – Triggers and Documentation
Change happens in every aspect of our life, and the mortgage loan process is no exception. Changes happen for a variety of reasons.
Whether they are initiated by the borrower or information relied on by the lender was changed or was inaccurate, your institution must be prepared to recognize opportunities to issue a revised Loan Estimate that enables critical tolerance levels to be reset as a result of a valid changed circumstance.
Join us as we review what defines valid TRID changed circumstances and how to issue a revised Loan Estimate in a timely manner. Loan file documentation is critical to support the reason for the change and to clearly identify the fees that were directly impacted as a result of the situation.
This webinar is designed to ensure that you are prepared to capture this opportunity to issue a revised Loan Estimate and properly support the lender’s reaction to a change. Sign up now!
What You’ll Learn
Who Should Attend
This informative webinar is designed for mortgage lenders, loan processors, loan review staff, compliance, risk, and audit personnel.
