What You'll Learn
We’ll get our feet wet by covering the fundamentals behind the TRID rule, because understanding the “why” behind the rules always helps us better implement the “how” to get it done. Concepts will include covered loans, acting in good faith, tolerances, triggers mandating action, and what the Loan Estimate is really for. From there, we’ll move into the exactly particulars for how to complete the LE accurately and on-time.
Topics covered in this course
- TRID Rule Fundamentals and the "Why" Behind the Requirements
- Covered Loans, Good Faith, and Tolerances
- Triggers Mandating Action and the Purpose of the Loan Estimate
- Completing the Loan Estimate Accurately and On Time
About the Author:
Rebekah is the owner of Elucidate LLC, a compliance training and consulting company. Elucidate means to "make clear, explain, throw light upon", and describes Rebekah's desire to illuminate the complexities of compliance with passion and fun. She's created and produced a TRID music video parody and several Compliance Breakout escape rooms, which she frequently provides at state banking compliance conferences. She is an accomplished speaker and regularly provides webinars through BOL and Compliance Resource. Rebekah is currently serving as the VP Director of Compliance for a $6 Billion community bank in Montana. She began her career in 1995 at a private lending company, but soon settled into banking, where she's covered nearly all of it - customer service and teller work, loan processing and review, and security and business continuity. She now oversees CRA, BSA and all aspects of compliance as a senior leader. She has successfully navigated numerous FDIC Compliance, CRA, and BSA Exams. Rebekah has a bachelor's degree in Organizational Leadership from Chapman University (Magna cum Laude), attended the American Bankers Association National Compliance School in 2003, and has held her Certified Regulatory Compliance Manager designation since 2006.
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