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Demystifying Rules for TRID Tolerances

Tue, Dec 22, 2015

Columbia, Maryland

Webinar is scheduled for Wednesday, January 27 at 3:00 p.m.

The CFPB’s TILA/RESPA Integrated Disclosure (TRID) requirements continue to cause confusion for mortgage lenders. Specifically, many lenders have outstanding questions regarding the TRID tolerance levels and properly conducting the good faith analysis of fees and charges. Further, under the TRID rules, tracking and monitoring tolerance levels is harder due to the fact that the closing disclosure does not contain a comparison chart similar to the HUD-1 settlement statement. This difficulty is increased when multiple loan estimates are issued and a lender needs to determine which fees and charges to use when performing the good faith analysis. This webinar will analyze the TRID tolerance levels, explain best practices for tracking fees and charges, and detail the process for curing tolerances on the closing disclosure.

Continuing Education: Attendance verification for CE credits upon request


  • Clarifying the new tolerance levels
  • Conducting the good faith analysis for tolerance violations
  • Examples of when a revised loan estimate can reset tolerance levels
  • Providing tolerance cures via a lender credit on the closing disclosure
  • Post-consummation events triggering a tolerance cure and corrected closing disclosure
    • Summary of the new tolerance levels
    • Details explaining common TRID tolerance issues
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key


This informative session is designed for mortgage lenders, compliance staff, and audit teams. Having representatives from each department will ensure everyone is on the same page regarding TRID tolerance levels.