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Ability to Repay: Qualified Mortgages & TILA RESPA Disclosures

Oct 27 2:00 PM - Oct 27, 2022 3:30 PM
Oct 27, 2022 2:00 PM - 3:30 PM
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Mortgage lending can be described as detail-driven, document-dependent, and compliance-critical. Knowledge is power – especially when there are changes. Is your program up to snuff?

Learning Objectives

  • Outline the eight factors to consider when determining a borrower’s ability to repay
  • List the types of documentation used to verify income and assets
  • Define a change of circumstance that allows increased closing costs
  • Explain the difference between Lender Credit placement on the Loan Estimate and the Closing Disclosure
  • Distinguish between ability to repay requirements and qualified mortgage requirements
  • Describe the characteristics of a “seasoned” qualified mortgage

Mortgage lending has some of the most intense regulatory requirements of any financial product or service. It is critical for mortgage lenders to keep up with changes to the process. Recent changes include the addition of the “seasoned” qualified mortgage and the replacement of the static 43% DTI threshold for a qualified mortgage with a slightly more complex, but more consumer-friendly, maximum rate requirement. This webinar will explore the protections provided to lenders when a qualified mortgage is made, when loan costs can and cannot increase, and whether a revised loan estimate is allowed or required.



Mary-Lou Heighes, Compliance Plus, Inc.

Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Mary-Lou has over 25 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.




Your registration includes unlimited locations, making it easier to share and learn with remote staff.

Please note: You may share the link with others at your credit union, however the confirmation will be sent to one primary contact at your credit union. It will be up to the primary contact to share the material with others.

Additional Info

Event Type

On-Demand Webinar

Topics Covered

  • On-Demand Webinars
  • Lending & Collections
  • Compliance