Banker's Compliance Consulting Blog

TRID Changed Circumstances

When it comes to determining whether you have a changed circumstance, it comes down to what you...

Electronic Fund Transfers: Unauthorized Transactions

Section 1005.2(m) defines an unauthorized electronic funds transfer as:

TRID: Split Buydowns

Completing the Closing Disclosure can sometimes be a challenge, especially when the Regulation does...

TRID: Understanding Unlimited Tolerances

When it comes to TRID, an estimated closing cost is generally considered to be “in good faith” if...

TRID: Revising the Loan Estimate

When a valid changed circumstance occurs, it may cause the regulatory tolerances to be exceeded....

Regulation E: Consumers Only

Section 1005.3(a) of Regulation E lays out what’s covered by the Rule. It specifies that Subpart A...

“Absorbing” Loan Costs on the Closing Disclosure

Lenders sometimes negotiate certain fees with respect to a mortgage loan application. For example,...

The Importance of Compliant Loan Estimates

A “Loan Estimate” is exactly what it sounds like. It’s an estimate of loan costs and other...

Escrow Account Short-Year Statements

Escrow accounts are based on a 12-month period referred to as the escrow account computation year....

The Mortgage Life Cycle: Seller’s Closing Disclosure

When it comes to the life cycle of a mortgage loan transaction, there are very few instances where...