Timing Calendar Slides (TRID and RTC)

LE Timing

Example 1

3

1

2

Example #1

LE Timing

Example 2

1

2

Example #2

3

3-7-3 Rule

1

3

2

4

5

3-7-3 Rule

6

7

Revised LE Timing

1

2

Revised LE Timing

1

2

3

CD Timing

2

1

Example #1

3

RTC Timing Example #1

$

Example #1

RTC Timing Example #2

Example #2

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RTC Timing Example #3

Example #3

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Try it out!

1

Drake is refinancing his primary residence and wants to fund as soon as possible.

He submits his application and LE is sent out on Monday.

1.What earliest a customer could sign?

2. When must the CD go out by to meet the signing deadline?

3. When is the earliest the loan can fund?

Trainer Hint

Loans do not fund on a Saturday

Example #1

2

3

$

Try it out!

Rihanna is refinancing her primary residence and wants to fund as soon as possible.

She submits her application and LE is sent out on Wednesday.

1. When is the earliest she could sign.

2. When must the CD be sent to meet the signing deadline?

3. When is the earliest the loan can fund?

Example #2

Trainer Hint

Saturdays are always included in rescission and 7-day rule.

Loans do not fund on a Saturday

1

2

3

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