Important Pre-Conference Survey

In order to help us make the conference presentations as targeted to your needs as possible and to help us determine how to allocate our discussion time to different topics over the course of the next few days, we need to know as much about your products,  processes and plans as possible.

Please complete and submit this pre-conference survey ASAP to aid us in understanding  -- and meeting -- your informational needs.

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* 1. Do you use automated loan origination software?

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* 2. When do you expect to have your software for testing the completion of the new forms?

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* 3. Has your loan origination software vendor been communicative and keeping you informed on its progress toward upgrade releases?  Please Comment.

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* 4. Do you know whether your LO software will provide for loans not subject to TRID because the applications are received before 8/1/15?  ( In other words, will you be able to support both disclosure regimes until the pipeline of pre-TRID loans is exhausted?)

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* 5. Have you begun to train your lenders on the new disclosures and rules?

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* 6. Do you restrict your consumer mortgage lending to the communities in which you have branch offices?

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* 7. Do you ever make consumer mortgage loans that are secured by real estate in a locale that you do not have an office in?

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* 8. Are your current GFE and early TILA disclosures provided by mortgage lenders in the field or by a central support department?

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* 9. After August 1, will your mortgage lenders be completing and delivering the Loan Estimate disclosure for consumer-purpose loans secured by real estate?

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* 10. Have you gone through the loans you originated in the last year or two to figure out which ones would be TRID loans if they were made after 8/1/15 to get a sense for what your volume is likely to be? 

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* 11. Estimate how many consumer purpose RE mortgage loans your organization made last year.

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* 12. Once the TRID rules are effective, do you think your institution will make more or fewer mortgage loans to consumers?

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* 13. Currently, are the HUD-1 or HUD-1A Settlement Statements for your institution's RESPA covered loans prepared by your institution, the title company or attorney, or someone else? 

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* 14. Has your institution determined yet who will prepare and deliver the Closing Disclosure for loans subject to the TRID rules?

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* 15. Has your institution met with other players in the settlement process to figure out the process for getting needed information to whoever will prepare the Closing Disclosure early enough for timely delivery?

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* 16. Have realtors and others in your area affected by the changed timing requirements for disclosures and closing been brought up to speed on the changes?

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* 17. Do you plan to initiate something to help educate service providers about the changes?

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* 18.  Do you make loans that have negative amortization features?

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