The 2010 enactment of the Dodd-Frank Act brought about a number of sweeping legislative changes which have greatly impacted the way that mortgage lending business is carried out today. The TILA-RESPA Final Rule, which took effect in 2015, eliminates the use of today's familiar mortgage disclosure documents (the Good Faith Estimate, TIL Disclosures, and HUD-1 Settlement Statement) and replaces them with two integrated disclosures: the Loan Estimate and the Closing Disclosure. As the October 3, 2015 effective date has passed, it is essential for mortgage professionals to become familiar with these forms and to understand how they will impact the mortgage process. This professional development online course takes students through each disclosure page by page and section by section, ensuring a thorough understanding of the new forms and the standards and requirements that come with them.
How it Works This is an online self-paced course that allows you to study the course material independently and at your convenience. Access to a computer with internet access is required. This course is supported on most computing devices, including desktop and laptop computers, tablets and cell phones.