In This Presentation:
- ½-Way Point & What We Will Cover
- NEW RISK ENVIRONMENT
- THINKING ABOUT RISKS FOR 2015
- Business Challenges and Your Bottom Line
- What is Behind TRID?
- Communications Plan?
- “We’ll Rely on Our Vendors”
- Questions to Ask Now of Vendors
- Vendors: Only Part of the Solution
- Vendor Management
- What Else Might We Expect?
- TRID Liability “Off Ramp”
- The Workings of Corrective Actions
- Further Considerations for Off-Ramp
- Excerpt from ½-Way Point & What We Will Cover:
- We are at the halfway point of TILA-RESPA Integrated Disclosure (“TRID”) implementation and we are considering what is important NOW, so we will cover –
..New risk environment and why it matters
..Special challenges for mortgage lenders
..Relying on others
..Costs to be incurred in 2015 and beyond = budgeting for next year
..Investor expectations
..Looking ahead at the ½-way point
..Vendor arrangements, including functionality, terms of agreements, costs and liability
..Other compliance components
..Handling the “off ramp” of post-close corrective actions – what can be done to minimize liability? When, who, how and at what cost?
Please see full publication below for more information.