Skip to main content

ABA Expands Online Training Curriculum to Address TRID Rule

National Mortgage Professional
Oct 15, 2015
ABA Logo

The American Bankers Association (ABA) has announced that it has expanded its online training curriculum with courses designed to address the complex TILA-RESPA Integrated Disclosure (TRID) Rule that took effect Oct. 3. The new courses—Preparing the Loan Estimate and Preparing the Closing Disclosureare part of an 18-course online series focusing on residential mortgage lending that can be taken together as a complete curriculum to earn ABA’s recently introduced Residential Mortgage Lender Certificate or individually.

“Our expanded mortgage lending curriculum will be a tremendous asset to bankers as they work to implement the complex TRID rule,” said Jim Edrington, executive vice president of ABA’s Professional Development Group. “Mortgage lending remains a core product for most banks, which must continue finding ways to exceed customer expectations in an increasingly competitive marketplace.”

The ABA Residential Mortgage Lender Certificate is designed for aspiring mortgage lenders and those individuals new to the mortgage area of the bank, including mortgage loan clerks, loan processors and closers. It provides a solid understanding of banking, credit analysis and legal principles that support the mortgage process. In keeping with evolving customer preferences, the certificate underscores relationship sales skills in addition to the mechanics of a mortgage loan, thereby preparing loan officers to be successful in growing their book of business while helping their bank acquire a deeper share of wallet.

A free companion coursePre-Information on TILA-RESPA for AllRegs Mortgage Courseshas been added to the certificate and includes a brief fact sheet: “TILA-RESPA Integrated Disclosure: What Does It Mean For You.”

The estimated time to complete all 18 courses is approximately 26 hours. Course titles include:  

►Banking Today
Appraisal Procedures
Basics of Mortgage Processing
Completing the HUD-1
Discovering FHA Programs
Effective Client Referrals
Elements of Title Insurance
Essentials of Mortgage Lending
Ethical Issues for Bankers
Explaining Loan Modifications
Gathering the Facts on Mortgage Fraud
Mortgage Customer Counseling and Prequalification
Personal Tax Return Analysis
Preparing the Closing Disclosure
Preparing the Loan Estimate
Processing and Underwriting Credit
Processing Income and Assets
Reviewing the Appraisal Report

The New URLA – What’s the Big Deal?

Lenders will need to update their technology stack to comply with the redesigned URLA.

Regulation and Compliance
Jun 14, 2021
Texas State Legislators Looks To Protect Reverse Mortgage Borrowers

A Texas House Bill has been introduced to prevent false, misleading or deceptive advertising by reverse mortgage lenders.

Reverse
Jun 02, 2021
Could Prudential Standards for Nonbank Mortgage Servicers be Eased?

From The Desk Of The “Om-Bobs-Man”

Regulation and Compliance
May 31, 2021
Get Ready to Duck and Cover

After years of hands-off attitude by regulators, a new wave of mortgage enforcement is building. Expect a tsunami.

Regulation and Compliance
May 13, 2021