TILA-RESPA Integrated Disclosures Overview
The purpose of this course is to walk you through each section of the Loan Estimate and the final Closing Disclosure, outlining how the form is to be completed as well as how it has been simplified for consumers to understand. This course does not have a final exam.
|Category:||Vocational Training > Mortgage > Core Compliance Training|
This course will go over each section of the new loan disclosures that will be implemented in August 2015: the Loan Estimate and the Closing Disclosure. These two forms will replace the Good Faith Estimate (GFE) and the HUD-1 Settlement Statement. It is anticipated that these two new forms of loan disclosures will make it easier for consumers to understand the terms of their loan as well as allow them to easily shop for other lenders.
The first part of this course will review the 3-page Loan Estimate, and the second part of the course will cover the 5-page Closing Disclosure. This mortgage compliance training course will take approximately 3 hours to complete.
This course does not contain a final exam.
This course will remain available to students for 1461 days after enrollment.
To provide superior distance education that exceeds industry standards and expectations in course content and delivery methods to those who seek to enter a new profession and those engaged in a profession.