For the first time since the implementation of RESPA in 1974, the housing industry will see changes that will impact every provider of settlement services. It's vital to get training to meet TRID compliance and perform at the top of your game.
Irvine, CA (PRWEB) June 11, 2015
Education Partners: Arch MI, Fidelity National Title and Pinnacle Capital Mortgage Corporation Co-Host Training Designed for Mortgage Originators and their Real-Estate Partners
June 11: TILA-RESPA (TRID) Compliance Training at the Irvine Marriott, 18000 Von Karman Avenue, Irvine CA 92612
June 12: TILA- RESPA (TRID)Compliance Training at San Diego Marriott La Jolla 4240 La Jolla Village Drive La Jolla, CA 92037
Morf Media Inc., leader in compliance training for the mobile workforce, today announced mortgage industry education partners Arch MI, Fidelity National Title and Pinnacle Capital Mortgage Corporation will co-host TILA-RESPA (TRID) training breakfast workshops on upcoming regulatory changes that impact real-estate loans. The workshop conducted by industry training expert and Morf Media, Inc. SVP of e-Learning Ginger Bell will provide an overview of the rule to go into effect on August. 1, 2015.
"For the first time since the implementation of RESPA in 1974, the housing industry will see changes that will impact every provider of settlement services," said Bell. The CFPB, under Dodd-Frank, has issued new guidelines for disclosures under the TILA and RESPA. The integrated disclosure forms (TRID) are more significant than simply substituting one form for another. This training will help you and your company get the information and tools you need to meet TRID compliance and perform at the top of your game."
For mortgage originators and partners requiring a more detailed and step by step approach to TRID training and for those who cannot attend the workshop, online training for TRID compliance is available via Morf Learning. Developed by veteran training experts, including Bell and gamification leader, Yu-Kai Chou, the Morf Learning TRID course provides an engaging playbook for companies of any size to offer training to their staff and partners and track proof of preparation. To learn more, contact Heidi(dot)deishl(at)morfmedia(dot)com or call (571) 201-0579.
TRID consolidates four existing disclosures for closed-end credit transactions secured by real property. The disclosures being replaced by TRID are:
- Good Faith Estimate (GFE)
- Initial Truth-in-Lending Disclosure
- HUD-1 Settlement Statement
- Final Truth-in-Lending Disclosure
In their place, TRID mandates the use of two disclosures: a three-page loan estimate and a five-page closing disclosure. The TRID training workshop provides an overview while the Morf Learning TRID courseware provides a step-by-step approach for mortgage industry professionals to learn about and implement the mandated process changes.
Morf Learning is optimized to make enterprise compliance training effective for professionals on the go. The TRID course is among a library of certified courses that are delivered in an innovative way to support learning, engagement, measurement and achievement. Morf Learning is a software-as-a-service platform with powerful analytics that show an individual’s progress, strengths and areas needed for improvement, proof of preparation for audits and more.
Morf Learning delivers digital compliance training with patented technologies that personalize learning, measure progress and reward achievement. For managers, the Morf Learning platform streamlines compliance training management, administration and reporting for proof of examination and audits.
For more, please visit http://www.morflearning.com
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About Morf Media, Inc.
Morf Media, Inc. is transforming enterprise compliance training into playbooks for the mobile workforce. For the first time a digital training system, Morf Learning™, provides one to one training to millions on a smart phone or tablet. Now in pilot with more than 100 companies and partners in the financial services and life sciences industries, Morf Learning is proving to be cost-effective and engaging with its game-style courseware. Morf Learning with Morf Playbooks™ deliver interactive three minute courses and a virtual Coach™, which empowers professionals to train, reference policy details and get reminders and compliance notifications on the go. As a mobile platform-as-a-service, Morf Learning offers secure centralized reporting for managing governance, regulatory and compliance training on a sustained basis.
Founded in 2013 by a seasoned management team, the company is based in San Francisco.
For more information about Morf Media, please visit: http://www.morfmedia.com.
For crowdfunding information about Morf Media, please visit Angel List, Gust or Equitynet.
Vice President Marketing of Morf Media, Inc. USA