Loan Modifications-What are the Compliance Issues Webinar

The last year-plus has been a challenging environment to be sure. Almost every lender has had distressed borrowers that need help. What type of help should you provide? And when you make that decision, what compliance implications are involved? Making changes to existing loans is a challenging endeavor. Lenders are facing unprecedented requests to make changes to loans of all types ‘€“ mortgages, credit cards, consumer loans, small business loans, and so forth. What are the critical compliance implications when dealing with these requests? What types of disclosures must be provided, if any? Must new appraisals be obtained (and how do we do that if appraisers can’€™t do on-site work?) Must rescission rights be provided?

This webinar will deal with the ins and outs of making changes to loans of all types. We’€™ll discuss the compliance and legal requirements, operational challenges, and impacts to borrowers, guarantors, and other parties to the loan. We’€™ll also deal with the threshold question: should the lender grant the borrower’€™s request in the first place (and if so, what accommodations or changes should be made)?

Covered Topics

  • Disclosure requirements, if any ‘€“ it depends on how the changes are made
  • Appraisal requirements
  • Flood insurance ‘€“ what to do here?
  • Tax implications
  • Defaults ‘€“ what special requirements are in place here?
  • Troubled Debt Restructuring (TDR) issues
  • Fair lending implications ‘€“ disparate treatment and impact
  • Handling borrower requests and complaints
  • Dealing with government-backed loans (FHA, VA, Fannie/Freddie, etc.) ‘€“ new pronouncements
  • HMDA and CRA reporting
  • Consumer, mortgage, and commercial loan issues
  • BSA issues, including beneficial owner requirements
  • E-SIGN and Remote Online Notarization (RON) possibilities

Who Should Attend?

This webinar is intended to anyone involved in the lending process, including loan officers, processors, closing agents, servicing professionals, compliance officers, auditors, customer service representatives, and senior management, among others.

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.

View Delivery Options

Related Topics

Instructor

Carl Pry
Carl Pry

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Managing Director for Treliant Risk Advisors in Washington, DC. Through his working career, ... read more.

Course TitleCreditsStart DateStart TimeDelivery TypeDelivery OptionInstructor / LocationPrice
Loan Modifications-What are the Compliance Issues?0.25 Any AnyWebinarSix Month On-Demand Recording Carl Pry$295.00 Register Now
Loan Modifications-What are the Compliance Issues?0.25 Any AnyWebinarCD-ROM Video Recording Carl Pry$345.00 Register Now
Delivery Options

LIVE WEBINAR:
INCLUDES 7 DAYS OF ONDEMAND PLAYBACK! 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. You can type and send your questions to the instructor. Many companies are now running their PC through an LCD projector allowing many employees to participate at the same time. And don’t worry if you miss the webinar, you can still view it for up to seven days after it takes place!

SIX MONTH ONDEMAND VIDEO:
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:
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.

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