Mortgage Loan Originator Required Training Webinar Series (Part 2 of 2)
Session Two in the series will focus on the “mortgage life cycle: and review of the requirements when the loan application has been completed, including common problems. How do you underwrite and approve a mortgage loan request? What notices are required and what are the timing requirements?
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 TWO in the quarterly series will focus on the “mortgage life cycle: and review of the requirements when the loan application has been completed, including common problems. How do you underwrite and approve a mortgage loan request? What notices are required and what are the timing requirements?
•Recap of the definition of an “application” among the lending regulations
•How to handle covered applications received prior to August 1, 2015 effective date of Integrated Disclosure Rules and the new coverage and disclosures required for applications received on or after August 1, 2015.
•Review of disclosures required 3 business date after receiving an application including RESPA Homeownership Counseling List, Settlement Cost Booklet for certain loans, the new Loan Estimate, HPML and Reg B appraisal notices
•Review of proving the “intent to proceed”, providing revised loan estimate for changed circumstances
•Review of the “Ability to Repay” documentation requirements, and characteristics of various qualified mortgage loan options.
•Flood Determination Process
•HMDA reporting review
Who Should Attend?
This informative session is designed for auditors, loan officers, loan assistants, and loan administration staff. This webinar is designed to satisfy the annual training requirements for loan originators and support staff.
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.