Banker's Compliance Consulting Blog

TRID Changed Circumstances

When it comes to changed circumstances for TRID, it ultimately comes down to what did you know and...

Absorbed Costs on the Closing Disclosure

When it comes to itemizing charges on the Loan Estimate (LE), TRID states that charges “absorbed”...

TRID Loan Estimate: Unlimited Tolerance Fees

The fees disclosed on the Loan Estimate are subject to certain tolerances. In other words, the fees...

Regulation E: Authorized vs. Unauthorized EFTs

Regulation E does not define or address what constitutes “fraud”. Rather, it

Voluntary Escrow Accounts

1024.17 of RESPA outlines the rules institutions must follow when establishing and administering...

Mortgage Life Cycle: Escrows & Loan Payoffs

One area that we will touch on is escrow accounts, specifically escrow account payoff statements. ...

When Do You Have a TRID Application?

If you are new to TRID, one of the first things you need to understand is when you have a TRID...

Escrow Closing Notice

When an escrow account is canceled during the term of a loan, the Truth in Lending Act generally...

FDIC Updates Signs and Advertising Q & As

On December 2, 2024, the FDIC released additional Q & As related to the Official Signs &...

Section 1071: Collecting Demographic Information

For applications subject to Section 1071, financial institutions must request the ethnicity, race...