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Compliance

 

Webinar: CFPB Examination Procedures for Mortgage Loan Originators: Effective January 10, 2014

 

Tuesday, September 10, 2013

 

Speaker:  Ann Brode, Brode Consulting Services, Inc.

 

About the Program

In January 2013, the Consumer Financial Protection Bureau (CFPB) issued the long-awaited final rules regarding mortgage loan originator compensation and qualification requirements under the Truth in Lending Act (TILA), as amended by the Dodd-Frank Act. The new compensation rules potentially have a major impact on mortgage loan officers/originators and financial institutions themselves.

 

These changes will affect policy and procedures and will include self-testing of the new compensation guidelines. Examiner guidance has been issued and financial institutions will be scrutinized regarding compliance with the new rules. This is a must-attend webinar in order to prepare for the January 10, 2014, deadline! You will be provided the tools you need to be compliant by this fast approaching deadline. Issues will be discussed step-by-step, example-by-example.

 

HIGHLIGHTS

  • Which loans apply?
  • Who qualifies as a Mortgage Loan Originator under the new compensation rules?
  • Compensation issues and examples (as well as what is not included)
  • How to determine if compensation is based on a transaction term
  • Issues when compensation is received directly from a consumer
  • Commissions for performing activities that are not loanorigination activities
  • “SAFE” compensation methods


Related Files
Printable Brochure (Adobe PDF File)

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