Handling Loan Applications: Required Training for Loan Originators Webinar
Do you know how the term “application” is defined in all of the lending regulations? Do your lenders and front line staff understand the difference between applications and inquires? Join this fast-paced webinar to understand the application process with step by step instructions and actual examples that explain the requirements of several confusing regulations in terms that are easy to understand (see complete description below).
Click Here for Webinar Description and Audience
Do you know how the term “application” is defined in all of the lending regulations? Do your lenders and front line staff understand the difference between applications and inquires? Join this fast-paced webinar to understand the application process with step by step instructions and actual examples that explain the requirements of several confusing regulations in terms that are easy to understand.
BONUS! – Reg Z now REQUIRES that loan originators have “periodic training” to ensure “knowledge of Federal legal requirements that apply to the individual loan originator’s loan origination activities.” (Source: 1026.36(f)(3)(iii) commentary). ATTEND THIS SESSION TO SATISFY A PORTION OF THE REQUIRED COMPLIANCE TRAINING for all LOAN ORIGINATORS. START 2015 BY COMPLETING A TRAINING REQUIREMENT.
•Learn what specific information will help you to handle applications correctly.
•What are the top five mistakes made in application processing?
•What are the timing requirements regarding applications?
•When does an application have to be in writing? Does it have to be signed?
•What are the signature rules for applications?
•Learn about the required disclosure for the “Right to Receive a Copy of Appraisal”. Who gets the notice and what are the timing rules? (NOTE: This requirement became effective January 18, 2014).
•How do you properly document the “joint intent” to apply?
•When is an adverse action notice required? What must it contain? Who receives one?
•When can you pull a credit bureau? What documentation should be kept?
•When can a co-signer be requested?
•What are some practical suggestions and best practices?
•Overview of changes for “Integrated Disclosures” beginning August 1, 2015 will be included
Who Should Attend?
This interactive session is a cost-effective way to gain a greater understanding of the rules about accepting and processing applications. This informative session will benefit loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.
Click Here for Continuing Education Credits (CEC) Info
This webinar is recommended for 2.5 CE Credit Hours. Each attendee will receive a Certificate of Attendance for self-reporting of CE Credits.
Click Here for Viewing Option Descriptions
NOW INCLUDES SEVEN DAYS OF ONDEMAND ACCESS! With this option, you will participate in the webinar (via the internet) as it is being presented. You will login to the webinar on your PC to view the PowerPoint presentation, and you have the option of using your PC speakers or a telephone for the audio. Participants can type and send their questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate in the same room.
SIX MONTH ONDEMAND VIDEO RECORDING:
With this option, you will receive an e-mail that contains a link to the PowerPoint slides (to download, print, and copy) as well as a link to the media player where you will view and hear the entire webinar just as it was delivered, featuring the full-color PowerPoint presentation with audio. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. The weblink will be available to you (and anyone else in the company) for up to six months and can be accessed 24/7 as many times as you wish. Delivered via e-mail the day after the webinar takes place.
CD-ROM VIDEO RECORDING:
If you do not have internet access or want to make the webinar part of your training library, the CD-ROM Recording is a great option for viewing a webinar. You can pause, fast-forward and rewind as needed, which makes it an effective training tool. With this option, you will receive a download of the PowerPoint slides and a CD-ROM Recording (featuring PowerPoint presentation with audio) of the webinar via regular mail. Mailed 7 to 10 days after the webinar takes place.
Webinars can be scheduled and offered exclusively for your company. They can even be customized to best fit your needs. To find out more, please complete the in-house request form found in the Schedule and Registration Information section below.