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TILA-RESPA Integrated Disclosures Webinar Series PDF Print E-mail

 

Let's Get Started - Hosted on Wednesday, May 6, 2015

Click on the link above "Let's Get Started" to view the first webinar of this series. Download Presentation Slides

The first webinar in this series addresses the tremendous changes taking place this summer, as mandated by the Consumer Financial Protection Bureau (CFPB) and the Integrated Mortgage Disclosures under the Real Estate Settlement Procedures Act (Regulation X) and the Truth In Lending Act (Regulation Z) final rule.

On August 1st, the final rule will go into effect and the TILA-RESPA Integrated Disclosures (Loan Estimate and Closing Disclosure) will replace the Truth-in-Lending Disclosure, Good Faith Estimate and HUD-1 Settlement Statement.  Watch and listen as Attorneys Lynne Murphy Breen and Sue Ellen Rogal provide a general overview of the changes and new forms, and explore the basic questions we all have: What do the new forms look like?  Who will prepare them?  Who will be responsible for delivery?  What will be the impact of the "(optional)" designation for the owner's title insurance premium on the Loan Estimate?  What are the lenders saying?

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Changing Our Way of Thinking (The Transactional Perspective)  - Hosted on Wednesday, May 20, 2015

Click on the link above "Changing our Way of Thinking" to view the second webinar of this series. Download Presentation Slides

The second webinar in our TILA-RESPA Integrated Disclosures series, entitled Changing Our Way of Thinking (The Transactional Perspective), hosted on Wednesday, May 20th, by Attorneys Lynne Murphy Breen, Sue Ellen Rogal and Sara Ann Supple discusses how the upcoming changes may affect the parties in a purchase transaction and how you may have to look at the Purchase and Sale Agreement, and your calendar, in a different way.  They are joined by noted real estate litigator, Jeffrey B. Loeb of Rich May, P.C., as they examine the impact of the Closing Disclosure delivery requirements and what you'll need to think about when representing buyers and sellers.

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Delivery  - Hosted on Wednesday, June 10, 2015

Click on the link above "Delivery" to view the third webinar of this series. Download Presentation Slides

The third webinar in our TILA-RESPA Integrated Disclosures series, entitled Delivery, hosted by Attorney Sue Ellen Rogal, discusses the who, what, when, where and how of the delivery requirements for the Closing Disclosure, which are at the heart of the CFPB's Final Rule. 

These delivery requirements will require everyone - buyer, seller, realtor, lender and closing attorney - to plan ahead and be flexible... not an easy thing to do when home, heart and a moving van are involved!

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Best Practices - Hosted on Wednesday, August 12, 2015

Click on the link above "Best Practices" to view the fourth webinar of this series. Download Presentation Slides

Good. Better. Best.  Best Practices! 

Back in December and January, we introduced the ALTA Best Practices to many of you, discussing the 7 Pillars established by the American Land Title Association and supplying you with the information needed to implement your own Best Practices.  Since that time, many of you have heard from your lenders asking that question: "Have you implemented the ALTA Best Practices?"  To help you answer "Yes!", this webinar will be covering the basics and answering the many questions we anticipate you'll have as you review and implement your own Best Practices.

What are the ALTA BEST PRACTICES?

In response to the concerns for consumers raised by the Consumer Financial Protection Bureau, lenders are now responsible for the acts of third-party providers in all mortgage transactions.  ALTA has developed its Best Practices in response to the new lender regulations.  These Best Practices help to ensure a positive and compliant real estate closing experience.

The CFPB requires that lenders oversee the business practices of their third-party service providers, which includes you, the closing agent/attorney.  In order to prove their compliance, many lenders will require that, prior to conducting closings for them, you provide evidence showing that your office has created and put into effect your own Best Practices.  The list includes Wells Fargo, SunTrust Bank, Bancorp South, Trustmark, and Iberiabank.

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The Loan Estimate and Miscellaneous Requirements – Hosted on Wednesday, September 16, 2015

Click on the link above "The Loan Estimate and Miscellaneous Requirements" to view the fifth webinar of this series. Download Presentation Slides

The fifth webinar in our TILA-RESPA Integrated Disclosures series, entitled The Loan Estimate and Miscellaneous Requirements hosted by Attorneys Lynne Murphy Breen and Sue Ellen Rogal explains the impact the 3-page Loan Estimate will have on the entire transaction and how you can work with your lender to make sure that fees are correct and properly named, what information is required for the Loan Estimate, delivery, good faith requirements and tolerances, revisions and corrections. This webinar also reviews the miscellaneous details of TRID: exempt transactions; time shares; intent to proceed; imposing a fee; estimates prior to the Loan Estimate; additional info (beyond the 6 pieces); Special Information booklet (RESPA Settlement Costs Booklet); other disclosures; practical implementation and compliance.

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The Closing Disclosure  – Hosted on Wednesday, Oct 14 & 21, 2015

 Click on the link above "The Closing Disclosure" to view the sixth webinar of this series. Download Presentation Slides

The Closing Disclosure is the final disclosure of the actual terms of the transaction, which integrates and replaces the current HUD-1 and Truth-in-Lending Disclosures. Attorneys Lynne Murphy Breen, Sue Ellen Rogal and Sara Ann Supple will discuss the general requirements and new terminology found in the form, and review the 5-page Closing Disclosure in section-by-section detail.  Learn what information is required to be part of the form, and how that information must be displayed, and review delivery and good faith/tolerance requirements. Know what your obligations are regarding pre- and post-closing revisions and corrections, and preparation of the Seller Closing Disclosure.  The panel will also discuss the use of the ALTA Model Settlement Statement as a vehicle for presenting all figures on one document and authorizing disbursement of funds at closing.

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Your Thoughts and Questions Hosted on Wednesday, Dec 9, 2015

 Click on the link above "Your Thoughts and Questions" to view the seventh webinar of this series. Download Presentation Slides

Over 2 months into TRID, how are the lenders handling the changes? What's happening at your office? What's working and what isn't? The seventh webinar in our TILA-RESPA Integrated Disclosures series, entitled Your Thoughts and Questions, hosted by Attorneys Lynne Murphy Breen, Sue Ellen Rogal and Sara Ann Supple will answer submitted questions in an open Q&A session. View this webinar to hear what others have encountered and get answers to questions you may have. 

 

 

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