2018 TRID eLearning

This training series allows you to review the TRID Rule Amendment and how it affects you. Additionally, you can brush up on some additional TRID related topics such as Owner’s Policy Optional and the Face-to-Face series.

 

Closing Disclosure (CD) Quick Guide - CFPB Rule 2017 Amendment

 

 

TRID – The Amended Rule  (9 minutes)

This video will discuss TRID, and the amendments to the rule effective October 1, 2018. We will address some initial thoughts and even some of the possible concerns with the new rule making by the Bureau of Consumer Financial Protection (BCFP) amending the current TRID rule.

 

Guide to Understanding the TRID Forms

This document outlines details and explanations for the Loan Estimate (LE), Closing Disclosure (CD) and Settlement Statement forms.

 

 

Owner’s Policy Optional

This section provides a greater understanding of Owner’s Policy requirements and also how to address your customers’ concerns.

 

 

Owner’s Policy Optional eLearning (5 minutes)

This learning looks at what this means to us and how to help customers understand the value of the Owner’s Title Policy, in order to make an informed decision about whether or not to purchase it.

 

Owner’s Policy Optional Talking Points eLearning (3 minutes)

The purpose of this training is to review some suggested responses when a customer raises a concern about the purchase of an Owner’s Title Policy.

 

Overcoming Owner’s Policy Objections Document

Description: This document prepares you with suggested responses and existing resources to help your customers better understand the value of title insurance.

 

Home Sweet Homebuyer Resources Document

Description: This document provides a list of video resources that you may pass along to your customers when explaining the value of an Owner’s Title Insurance Policy.

 

Notice of Right to Purchase Owner’s Policy of Title Insurance

 

 

Face-to-Face With Your Customers

Use this section to prepare yourself when you are at the table with your customer.

 

 

Presenting the Closing Disclosure eLearning (4 minutes)

The purpose of this training is to assist in the presenting of a Closing Disclosure to the customer.

 

Settlement Statement Overview eLearning (5 minutes)

The purpose of this training is to look at the Settlement Statement and review the differences between it and the Closing Disclosure.

 

Presenting the Settlement Statement to the Borrower/Buyer eLearning (3 minutes)

The purpose of this training is to review the borrower/buyer side of the Settlement Statement and practice presenting it to the customer.

 

Presenting the Settlement Statement to the Seller eLearning (3 minutes)

The purpose of this training is to review the seller side of the Settlement Statement and practice presenting it to the customer.

 

Presenting the Settlement Statement Reference Guide

This document provides a reference for the Settlement Statement learning.

 

Consummation/Closing Date Timing Calculator (CDTC)

First American's CDTC can help you ascertain the correct dates for delivery of the Closing Disclosure.

 

 

 

First American is providing this education as an accommodation to our title issuing agents in order to enhance their professionalism beyond that which is required by the scope of the agency contract. First American does not supervise or monitor our issuing agents for compliance with regard to their performance as closing or settlement agents as the closing/settlement function is outside the scope of the title agency relationship between First American and its issuing agents.

 

First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, AgentNet, FAST, First American Eagle Academy, StreamLine, StreamLine ASP, TARA. and Title Express are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. This document is for informational purposes only and is not and may not be construed as legal advice. No person or entity may rely upon anything contained herein when making legal and/or other determinations regarding its practices, and such person or entity should consult with an attorney prior to embarking upon any specific course of action..

 

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These materials may not be distributed without written permission from First American Title Insurance Company.