Tricky TRID Rule To Go Into Effect in Two Days
San Francisco, CA (PRWEB) October 01, 2015 -- From a pool of more than 2000 professionals representing thousands of NMLS-registered companies in the mortgage industry, Morf Media Inc. today announced its TRID Trivia survey shows more than 30 percent of its respondents are still seeking additional training on the new rule issued by the Consumer Financial Protection Bureau. Results show loan originators and their real-estate partners still want training on the “tricky” new TILA-RESPA Integrated Disclosures.
The rule goes into effect on Oct. 3, 2015. Leading trade groups representing lenders, banks, credit unions, title companies and others are urging federal regulators to provide more details on examination guidelines. These groups are asking how the CFPB plans to enforce the new mortgage disclosure rule. According to a story in National Mortgage News, the CFPB is working with other regulators on examiner guidance to help ensure that the agencies enforce new mortgage disclosures in a "corrective" manner, not a "punitive" one, said director Richard Cordray.
Mortgage industry training veteran and SVP e-Learning at Morf Media Inc. Ginger Bell stated: “The new TRID process is significant. It's time to get training before the deadline to avoid the "gotchas that will getcha." It's key you know the difference between what is old, what is new under TRID, and what to do in order to become a TRID expert.”
Strategic Compliance Partners (SCP), a leader in mortgage compliance consulting, has exclusively created content for Morf Media Inc. for use in their platform for a comprehensive online TRID training program. Ari Karen, CEO, Strategic Compliance Partners, commented: “Dodd-Frank mandated the overhaul to the borrower disclosures required under TRID. TRID is designed to simplify the origination documents, improve their accuracy and get the forms in borrowers' hands faster. Though the changes are considerable, the online training curriculum we have created exclusively for the Morf Media platform delivers a comprehensive course to help mortgage professionals and their real-estate partners achieve TRID success.”
The training platform from Morf Media provides a fast, fun and easy way to do online training with the comprehensive TRID training program from SCP. The gamified online course is only $25 per person until October 10, 2015. Company pricing is also available. For more information call Heidi Deishl at 571-201-0579 about company savings.
About Strategic Compliance Partners (SCP) – A Leader in Mortgage Compliance Consulting
Strategic Compliance Partners provides a total compliance solution for lenders of all sizes. SCP’s consultants and attorneys are experts in the field of mortgage compliance, and offer full-service outsourced, compliance management, all at a highly affordable and efficient price.
SCP’s TRID training curriculum, created exclusively for the Morf training platform, is updated in real-time for students to stay current and up-to-date with all TRID regulations in order to meet CFPB compliance requirements.
About Morf Media, Inc.
Morf Media, Inc. is the developer of Morf Playbook™, the game-changing training delivery platform, made fast, fun and easy. For the first time companies can provide one to one customized online training to their mobile workforce, partners and customers 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 Playbook is proving to be cost-effective and engaging with its game-style courseware, developed by vertical industry training experts. Morf Playbook delivers 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 Playbook 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, please visit http://www.morfmedia.com.
Contact:
Heidi Wieland
Vice President Marketing of Morf Media, Inc. USA
805-722-7413
Heidi(at)morfmedia(dot)com
Heidi Wieland, Morf Media, http://www.morfmedia.com, +1 805-722-7413, [email protected]
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