Webinar: CFPB Examination Procedures for Mortgage Loan
Originators: Effective January 10, 2014
Tuesday, September 10, 2013
Speaker: Ann Brode, Brode Consulting
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.
Which loans apply?
Who qualifies as a Mortgage Loan Originator under the new
Compensation issues and examples (as well as what is not
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