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KBYO Amendments: How You Can Ensure Compliance

Effective July 7, 2017 the Consumer Financial Protection Agency (CFPB) issued final amendments to “Know Before You Owe” (KBYO) which clarified certain aspects of the Loan Estimate (LE) and the Closing Disclosure (CD) and offered clarity to the industry. We invite you to a discussion of those upcoming changes.

We Will Cover:

  • What's New
  • What hasn't been addressed
  • Charges on the Closing Disclosure and Loan Estimate - What is "good faith"?
  • New rule on privacy and sharing of information

Date Aired: August 14, 2018

(Training On-Demands are current as of the date aired.)


  • Willis Leitner
    • Willis Leitner
    • Willis is a financial services professional who currently leads a team of 30 consultants and analysts with mortgage origination expertise. Willis started his career in compliance managing several large-scale mortgage remediation projects. From 2013 – 2015, he was also a member of the regulatory training group, developing and conducting customized training for both regulators and clients. Willis specializes in delivering reliable, cost-efficient compliance solutions. He was the primary architect of Capco’s RESPA Settlement Analyzer (RSA), which minimizes time-in-file and ensures compliance with RESPA’s good faith tolerance requirements. In 2015, Willis updated the RSA to be TRID compliant, creating the TILA-RESPA Settlement Analyzer (TRSA). To date, his team has reviewed over 500k mortgages through both applications. Willis also assists clients with LOS implementation, change management, exam preparation and response, post-closing quality control and remediation projects. Willis earned a Juris Doctor degree from the University of South Carolina, a Master of Arts degree in literature from the University of Georgia, and a Bachelor of Arts degree in literature and writing from Clemson University.

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