Mortgage Lending Compliance (Virtual + Manual)

Consumer loans secured by residential real property that are “closed-end” are subject to more compliance requirements than any other credit transaction.

This 1-day seminar provides an overview of the rules that are specific to consumer mortgage loans (e.g., the Ability to Repay rules), as well as those that apply generally to credit transactions (e.g.¸ the Equal Credit Opportunity Act, Regulation B).

The regulations will be presented in terms of timing: as the mortgage lender receives inquiries and applications and goes through the application process, until they get to closing.

During the Mortgage Lending Compliance seminar, we will focus on:

• Equal Credit Opportunity Act, Regulation B
  • Notification and adverse action; GMI; Appraisal
• Fair Credit Reporting Act
  • Notice to the Home Loan Applicant; Risk-Based Pricing; Adverse Action
• Truth-in-Lending Act, Regulation Z
  • Loan Estimate and Closing Disclosure
  • Right of Rescission; HPML; High Cost; Ability to Repay; ARM disclosures
• Real Estate Settlement Procedures Act
  • Homeownership counseling list; Section 8 and affiliated business arrangements; Escrow; Servicing transfer
• Flood Insurance
• Brief overview of:
  • Home Mortgage Disclosure Act
  • Community Reinvestment Act
  • Appraisal regulations
  • E-Sign Act
  • Consumer Protection in Sales of Insurance
  • Private Mortgage Insurance
  • SAFE Act

Date(s):                             June 3, 2024

Duration:                         One Day

Start Time:                      9:00 a.m. CT / 10:00 a.m. ET

End Time:                        4:00 p.m. CT / 5:00 p.m. ET

Level:                                  The seminar is at a basic/intermediate level.

Prerequisites:                 Basic understanding of lending.

Audience:             This program is intended for:

• • • • Financial institution compliance and risk executives and officers, as well as any member of the institution where knowledge or understanding of Mortgage Lending Compliance is important or helpful, including loan officers and loan processors.
      • Examiners and third-party consultants, auditors, and related companies.

Delivery Method:     Live/Virtual (Available later On-Demand)

Cost:                             $395 (Includes one registrant; each additional registrant within your same organization is $25. Click here to add additional registrants.)

Note that, unless you notify us otherwise, only the person registered for the program will be permitted to join. If you are registering on another person’s behalf, please let us know at education@sentry.stage.webservice.team, include the program name and date, and provide us with the attendee’s name and email address.

Materials:                   Manual and PowerPoint presentation

Type:                             Webinar/Virtual/Live