Preparing the Closing Disclosure
Course Number: PCD1
Course Code: ABA
The Preparing the Closing Disclosure course addresses the preparation of each field of the Closing Disclosure, illustrating similarities between the Closing Disclosure and the Loan Estimate, and addressing common and situational questions regarding the Closing Disclosure.
The Closing Disclosure form is required to be used on all loans that are subject to the TILA-RESPA Integrated Disclosure Rule for loan applications taken on or after October 3, 2015. This course will help mortgage lending personnel understand the disclosure and re-disclosure requirements as well as the information provided in each field on the form.
After completing this course, students will be able to:
– Identify the requirements for the fields on each page of the Closing Disclosure
– Recognize the requirements for disclosure and re-disclosure
Audience: Lending operations staff, including: Compliance, Loan Originators, Underwriters, Processing, and Closing.