Mortgage Loan Originator Required Training (Part 1 of 2) Webinar Series
Session One in the series will focus on the Reg B requirements for the life of the loan including the application process, monitoring information, and provision of appraisal/valuation copies and disclosures. Additional information will be included for applications covered by HMDA and RESPA (see complete description below).
Click Here for Webinar Description and Audience
Will you be able to prove compliance with this Regulation Z training requirement in 2015 for loan originators in the next compliance exam?
Commentary to 1026.36(f)(3)(iii)
Training. The periodic training required in § 1026.36(f)(3)(iii) must be sufficient in frequency, timing, duration, and content to ensure that the individual loan originator has the knowledge of State and Federal legal requirements that apply to the individual loan originator’s loan origination activities. The training must take into consideration the particular responsibilities of the individual loan originator and the nature and complexity of the mortgage loans with which the individual loan originator works. An individual loan originator is not required to receive training on requirements and standards that apply to types of mortgage loans that the individual loan originator does not originate, or on subjects in which the individual loan originator already has the necessary knowledge and skill.
Session One in the series will focus on the Reg B requirements for the life of the loan including the application process, monitoring information, and provision of appraisal/valuation copies and disclosures. Additional information will be included for applications covered by HMDA and RESPA.
Note: Additional sessions in the series are scheduled for August 18, and November 3rd.
•Reg B requirements for the life of the loan; how to take and process an application. This will include the proper collection of monitoring information.
•Model application forms – which application form should be used for various types of loans?
•What’s the difference between an inquiry, pre-qualification, and application? What regulations are triggered for each scenario?
•Appraisal and “other valuation” requirements of 1002.14
•Monitoring information for HMDA at time of application; preview of the proposed changes in HMDA coverage
•Required disclosures for appraisal notices
•Definitions under 1002.14, rules for E-Sign compliance
•Providing appraisal copies, timing requirements and exceptions for waivers
•PREVIEW – Applications taken on or after August 1, 2015 will be covered by the new “Integrated Disclosure” provisions. This session will include an overview of the impacts of the changes in disclosures & timing requirements.
•BONUS – Participants will receive a 10 question quiz and an answer key. Passing the quiz will provide documentation of the effectiveness of the training effort.
Who Should Attend?
This informative session will benefit mortgage loan originators, 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
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 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.