Preparing Proper ARM Disclosures in a Rising Rate Environment

Register by October 28th and take advantage of our Early Bird Pricing!

All registrations to Compliance Resource webinars include five live connections AND the recording of the webinar (guaranteed for one year).

Preparing Proper ARM Disclosures in a Rising Rate Environment has been submitted to ABA Professional Certifications for CE credit review and is pending approval. Once we receive notification of the credit approval, we will notify attendees.

WHAT?

With the recent fluctuations in the current interest rate environment and the possibility that the Federal Reserve may continue to raise target interest rates, questions have been asked as to the potential impact these events may have as it relates to Adjustable Rate Mortgage (ARM) transactions subject to TRID disclosures.

For an ARM loan subject to TRID, disclosures must be given at application, three business days after application, three business days before closing, and at the time of periodic rate changes throughout the life of the loan.

Many lenders are asking questions. Auditors and examiners are finding and reporting errors. Lawsuits are bound to follow.

Whether new to the ARM game or an old veteran, this review of ARM disclosure requirements in a rising rate environment will help keep your institution in compliance. Get answers to the questions. Avoid the violations. Stay out of court.

WHY?

This two-hour program explains how to avoid problems when developing, maintaining and auditing ARM disclosures. The program explains the rules, reviews typical problems that occur, and provides steps to assure ongoing compliance.

Participants receive a detailed manual that serves as a handbook long after the program is completed.

PROGRAM CONTENT

Upon completion of this program participants understand common problems that plague ARM loans including:

• Failure to identify a transaction as an ARM loan;
• Failure to deliver disclosures:
  • Within the required timeframes; and
  • With the required content;
• Failure to periodically update the disclosures; and
• Failure to provide proper and timely rate adjustment disclosures.

WHO?

The program is designed for all mortgage lenders, compliance officers, auditors and others with responsibilities for assuring compliance with applicable laws and regulations in the mortgage loan department.

*This program will start at 2:00 PM EST, 1:00 PM CST, 12:00 PM MST, or 11:00 AM PST

**Recording Included

This webinar will be recorded and sent to all registrants. You will receive links to the recording following the program. These recordings have unlimited viewings and are available for up to one year.

Register by October 28th and take advantage of our Early Bird Pricing!