1. CONFIDENTIAL MATERIAL www.mcsoftware.com Continuing Education TILA-RESPA Integrated Disclosure

2. Overview What is TRID What are the Disclosures Timing Exceptions CONFIDENTIAL MATERIAL www.mcsoftware.com MC Software & TRIDs WebApp & TRIDs Tracking Questions

3. What is TRID TILA/RESPA Integrated Disclosure Rule Clearer Consumer Communication Consolidates 4 forms into 2 Applies to most closed-end credit transactions secured by real property Establishes a new definition of “application” CONFIDENTIAL MATERIAL www.mcsoftware.com

4. What are the Disclosures? Loan Estimate – replaces GFE and TILA Closing Disclosure – replaces HUD-1 and Final TILA CONFIDENTIAL MATERIAL www.mcsoftware.com

5. Loan Estimate CONFIDENTIAL MATERIAL www.mcsoftware.com

6. Where does the LE data come from? GFE To Modify the data make changes in GFE and select Start Over in LE to pull in changes Special fees will have to be entered in the LE after adding to GFE CONFIDENTIAL MATERIAL www.mcsoftware.com

7. Closing Disclosure CONFIDENTIAL MATERIAL www.mcsoftware.com

8. Where does the CD data come from? HUD Modify in the HUD. Select Start Over in CD to pull in changes. Special fees must be added to the CD manually after modifying the HUD. CONFIDENTIAL MATERIAL www.mcsoftware.com

9. Loan Estimate Timing Creditor is required to provide the LE within three business days of the receipt of the loan *application: In person By mail By email *To qualify as an application under CFPB rules, you must receive six pieces of information: Name, Income, SSN, Property Address, Estimate of the property value, and Mortgage Loan amount requested. CONFIDENTIAL MATERIAL www.mcsoftware.com

10. Closing Disclosure Timing Creditor is required to ensure the consumer receives the CD no later than three business days before consummation of the loan In person By mail By email CD must be provided separately to each consumer who has the right to rescind under TILA. CONFIDENTIAL MATERIAL www.mcsoftware.com

11. What about EasyApp received from WebApp? CONFIDENTIAL MATERIAL www.mcsoftware.com 6 Pieces of info for application: Name Income Social Security Number Property Address Loan Amount Estimated Property Value ***EasyApp is missing Estimated Property Value***

12. What about EasyApp received from WebApp? CONFIDENTIAL MATERIAL www.mcsoftware.com You are not “required” to provide the LE for an EasyApp However….you can provide it if you choose.

13. What about Credit Approval received from WebApp? CONFIDENTIAL MATERIAL www.mcsoftware.com 6 Pieces of info for application: Name Income Social Security Number Property Address Loan Amount Estimated Property Value ***Credit Approval contain all 6 pieces of data***

14. What about Credit Approval received from WebApp? CONFIDENTIAL MATERIAL www.mcsoftware.com You MUST provide a Loan Estimate on Credit Approvals received through WebApp You can “turn off” the option for Credit Approval in Maintenance>Company Misc>WebApp Information. The option will no longer display on the WebApp menu if the option is not checked.

15. Regulatory Tracking CONFIDENTIAL MATERIAL www.mcsoftware.com When TRID docs are requested from Docu Prep, a Pop- Up will prompt you for the date to record in Regulatory Tracking. Click “Yes” to log the date to the Regulatory Tracking Screen. Click “No” if you are only Proofing the form.

16. Exceptions HELOCS Reverse Mortgages Dwellings not attached to real property Smaller Lenders. See CFPB website for limits: http://www.consumerfinance.gov/ CONFIDENTIAL MATERIAL www.mcsoftware.com

17. Questions CONFIDENTIAL MATERIAL www.mcsoftware.com

18. Contact Information Client Services support@mcsoftware.com 801.621.3900 CONFIDENTIAL MATERIAL www.mcsoftware.com

19. Thank you for attending!