Free Webinar – Mortgage Lending Compliance – From End to End Part 1 of 4

Please fill out the form below if you’d like to attend part 1 of our 4 part Mortgage Lending Compliance – From End to End webinar series FREE of charge. Below you will find information about what will be included in part 1 as well as a link to view the topics we will be covering over the course of the remaining three sessions.

The process of evaluating, originating and servicing mortgage loans contains numerous requirements that come from several regulations. Those regulations cover various aspects of the transaction – from product planning through servicing. Failure to comply with each and every requirement can result in liability in one form or another.

This program focuses on origination of closed-end loans secured by real property. It does not cover open-end credit or credit that is unsecured or secured by collateral other than real estate or a dwelling.

This four-part program provides a very comprehensive review of the mortgage lending process from initial product development to origination to end of loan life servicing. The program breaks down the lending process into the appropriate phases. It explores which regulations apply to each phase and which actions are required by those regulations. Participants receive a detailed manual (385 pages) that serves as a handbook long after the program is completed.

The laws and regulations covered in the program include:

  • Equal Credit Opportunity Act/Regulation B;
  • Fair Housing Act/Agency regulations;
  • Home Mortgage Disclosure Act/Regulation C;
  • Truth in Lending Act/Regulation Z;
  • Real Estate Settlement Procedures Act/Regulation X;
  • Flood Disaster Protection Act/Agency Regulations;
  • Fair Credit Reporting Act/Regulations V;
  • Safe Act/Regulation G;
  • Homeowner Protection Act; and
  • Unfair, Deceptive or Abusive Acts or Practices.

Session 1 – June 16, 2020 

  • Strategic considerations
    • Regulations or guidance (Each rule – coverage/exemptions)
    • Emerging issues
    • Processes (developing procedures and operating systems, training staff, monitoring activities, and setting controls)
    • Use and role of third parties
    • Policies and Procedures
      • TIL (1026.36(j))
      • RESPA – servicing (1024.38, .39, .40, .41))
  • Product Design
    • Applicability of laws and regulations
    • Types of fees assessed
      • Finance charges (1026.4)
    • Prohibition on fees
      • TRID – Fee for preparing and delivery CD(1026.19(f)(5))
      • RESPA – Fee for escrow and TIL (1024.12)
    • Delivery systems
    • Loan originator qualifications
      • SAFE Act
      • TIL (1026.36(f))
    • Loan Originator Training (1026.36(f)(3)(iii))
    • Loan Origination Compensation rules (1026.36)
    • Prohibition on Financing Credit Insurance (1026.36)
    • e-Sign requirements
  • Pre-Application
    • Marketing
      • Applicability of laws and regulations
      • TIL advertising
      • Use of APR in Oral Disclosures (1026.26)
      • UDAAP
      • FTC Endorsement Guidelines
    • Steering Risk
    • Discrimination Issues

Click here to view the brochure for the remainder of the series.