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Mortgage Lender Training Part 3: Mortgage Life-of-Loan: Decision-Making, Appraisals, Post-Closing Requirements

This three-part mortgage lending training series will outline the required steps at each point of the mortgage lifecycle. Part 3 will focus on the end of the mortgage lifecycle and the requirements when a loan application has been denied, withdrawn, or approved not accepted.

Nov 13, 2018 02:00 PM   -­­  Nov 13, 2018 03:30 PM
CT
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Type of Event
On Demand Webinar

Who Should Attend
  • On Demand
  • Webinars
  • Lenders
  • Compliance

Register

Description

Examiners expect compliance with the annual training requirements of the mortgage loan originator rules. Can you prove that training has been provided and that it was effective? This three-part mortgage lending training series will outline the required steps at each point of the mortgage lifecycle. Part 3 will focus on the end of the mortgage lifecycle and the requirements when a loan application has been denied, withdrawn, or approved not accepted.

Learning Objectives

  • Pain points in providing accurate closing disclosures and post-closing disclosures 
  • April 28, 2018, CFPB amendments: what happens when estimated charges change after the closing disclosure has been delivered?
  • What rescission rules must be followed? When do they apply?
  • What RESPA rules still apply?
  • Denied loan notifications
  • How should withdrawn and approved-not-accepted loan applications be documented?
  • Review of HMDA reporting and selected portions of the 2018 rules
    • Note: new rules are expected due to passage of Senate Bill 2155 for regulatory relief
  • Flood insurance calculation examples

Speaker

Susan Costonis, Compliance Consulting and Training for Financial Institutions

Investment

$259.00

Live and recorded webinar, handouts, quiz with answer key and training log are included