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 you (the financial institution) need to be concerned with the seller(s).  You may need certain information to facilitate the more technical and/or legal aspects of the transaction, but from a compliance standpoint, there isn’t much you need to know…except when it comes to TRID.  While you are not responsible for compliance and/or completion of the Seller’s Closing Disclosure (CD), you DO still need to retain a copy of the Seller’s CD.  This is something we see that is very commonly missed.

Jerod explains more in the video.


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Published
2023/02/05

 
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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