Mortgage Compliance Update: Reg Z, RESPA, Flood Insurance, Fair Lending and UDAAP
No area of compliance has undergone such extensive change as consumer mortgage lending. From the financial crisis on, including Dodd-Frank, seldom has a sector of banking seen as many new and enhanced regulatory requirements (see complete description below).
Click Here for Webinar Description and Audience
No area of compliance has undergone such extensive change as consumer mortgage lending. From the financial crisis on, including Dodd-Frank, seldom has a sector of banking seen as many new and enhanced regulatory requirements.
We’re presently right in the middle of the action. New rules took effect this past January, including Ability to Repay and Qualified Mortgage rules, appraisal requirements, and servicing rules, to name a few. We’ve also seen changes in other areas, such as flood insurance. In addition, fair lending and UDAAP (Unfair, Deceptive, or Abusive Acts or Practices) considerations are getting much attention from the regulatory agencies.
But of course we’re not done yet. In August of 2015 the new RESPA-TILA (Real Estate Settlement Procedures Act-Truth in Lending Act) disclosure rules take effect.
These rules won’t just mandate new disclosures; they also include several additional changes to existing requirements under both Regulations Z (Truth in Lending) and X (Real Estate Settlement Procedures Act).
We’ll focus on both these critical areas: additional changes to the “new” mortgage rules from this past January, and also those coming next year.
• Additional changes that the CFPB (Consumer Financial Protection Bureau) made to the ATR and QM rules since they took effect in January
• Changes in flood insurance due to Biggert-Waters and the later Affordability Act
• Fallout and effects in the industry regarding these rules
• Regulatory expectations and what to do to meet them
• Other areas of risk, including operational and legal
• Fair lending and UDAAP implications in mortgage
• Preparing for the new RESPA-TILA disclosures rule
• A look at the new disclosures: content, when they’re provided, and steps to take now
• Additional changes to follow next August
• Best practice recommendations
Plus frequent question and answer sessions throughout this presentation.
Who Should Attend:
This interactive session will give an in-depth understanding of these rules and is imperative for anyone performing duties in consumer mortgage lending areas of the financial institution. This includes loan officers, supervisors, auditors, closing agents, compliance officers, auditors, counsel, trainers and others working in these types of positions.
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 Delivery Option Descriptions
INCLUDES SEVEN 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. 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:
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.
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.