Overwhelmed by the 2014 CFPB changes and the subsequent TRID requirements, many lenders grew to dread consumer real-estate loans. Some financial institutions stopped offering these loans altogether. In this webinar, Anne will guide terrified lenders and processors through a simple real-estate loan and explain the current compliance rules. This webinar will help you tame those scary real-estate-loan problems and will be particularly helpful to banks wanting to offer consumer real-estate loans for the first time in several years. The supplemental booklet is clear and easy to use. Consider it a companion to the popular Best-Ever Consumer Checklists.
Covered Topics
- Ability to repay and qualified mortgages
- Right of rescission
- High-cost mortgages and HPMLs
- HMDA
- Providing copies of appraisals
- Intent to apply for joint credit
- Flood insurance
- Appraisals and evaluations
- Credit score disclosures
- Insurance disclosures
- Military Lending Act
Who Should Attend?
Lenders, loan processors, compliance officers and loan review personnel will benefit from this webinar.
Continuing Education (CE) Credits
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.