Critical Timing Requirements in the Mortgage Loan Origination Process 2024 | Financial Education & Development Inc. | 10 January 2024 | Webinar

With mortgage loan origination, timing is everything!
Do you know how long the window is open to fulfill your compliance obligations? Are you certain you know what the compliance requirements are? A sequentially dated mortgage loan file is a must-know for all mortgage lenders and processors, especially in preparation for the next examination or compliance review. Clear the confusing cobwebs with this insightful webinar.

After This Webinar You’ll Be Able To:
• Distinguish between a preapproval and an application
• Ensure electronic delivery of written notices satisfies the E-SIGN Act requirements
• Explain when to use business days versus calendar days to meet compliance requirements
• Identify triggering events that determine when compliance notices are required
• Recognize the importance of documenting valid change in circumstances
• Understand critical regulatory compliance timing requirements, including delivery of the Loan Estimate right-of-rescission notice

A consumer real estate loan is impacted by more regulatory requirements than many other products and services. Meeting critical timing requirements for the numerous disclosures and required actions is essential during the mortgage loan origination process. Have you ever second guessed whether the disclosure’s delivery date was based upon business days or calendar days? Does Saturday count? Is today day one or is tomorrow day one? In some cases, disclosures can only be provided so far in advance of a triggering event, while others require a different version to be delivered so many days after an event.

Assembling a compliant loan file can be quite confusing, but the process is dependent upon understanding the numerous timing requirements that go beyond those required by TRID. This webinar will dig into the critical loan compliance timing constraints related to the delivery and receipt of mortgage loan documents during the origination process.

2024 Speaker

Molly Stull
Brode Consulting Services, Inc.