|Event Date||Wed Aug 4 EDT (3 months ago)|
Overwhelmed by the 2014 CFPB changes and the subsequent TRID requirements, many lenders grew to dread consumer real-estate loans. Some financial institutions stopped offering these loans altogether. In this, will guide terrified lenders and processors through a simple real-estate loan and explain the current compliance rules. This will help you tame those scary real-estate-loan problems and will be particularly helpful to banks wanting to offer consumer real-estate loans for the first time in several years. The supplemental booklet is clear and easy to use. Consider it a companion to the popular Best-Ever Consumer Checklists.
• Ability to repay and qualified mortgages.
• Right of rescission.
• High-cost mortgages and HPMLs.
• Providing copies of appraisals.
• Intent to apply for joint credit.
• Flood insurance.
• Appraisals and evaluations.
• Credit score disclosures.
• Insurance disclosures.
• Military Lending Act.
Who Should Attend?
Lenders, loan processors, compliance officers and loan review personnel will benefit.
Compliance Officer, Bank Consulting Services