Montana Bankers Association Life Cycle of a Real Estate Loan 2022 | Montana Bankers Association | 6 April 2022 | Best Western Plus Grantree Inn, 1325 N 7th Ave, Bozeman, MT 59715, USA

The federal lending compliance rules for consumer mortgage loans continue to change. No topic is left untouched – everything from application requirements to servicing and collection activities - has and will continue to face many challenges.

This two-day seminar will cover the key considerations and required disclosures for mortgage loans secured by real estate through the consumer mortgage loan process – from Application to Servicing. We will bring together the requirements under the various lending-related regulations necessary to ensure compliance with a focus on closed-end, consumer purpose real estate and dwelling-secured loans. We will also highlight the BSA/AML/OFAC “account opening” requirements as they apply to loans not just deposits. We will highlight commercial lending compliance to ensure consumer rules are not circumvented.

During most seminars, regulations are reviewed individually. This seminar discusses the disclosures on a timeline beginning when the institution is considering a loan product to offer to when the customer first presents the loan request all the way through closing and after closing. The material is organized in a sequence similar to the way an institution processes a loan. As such, examiner hot buttons will be noted throughout the process.

Topics:
• Truth-in-Lending Act/Regulation Z
• RESPA/Regulation X
• Fair Credit Reporting Act/FACT Act – Regulation V
• Equal Credit Opportunity Act/Regulation B
• Fair Housing Act
• Flood Disaster Protection Act
• Homeowners Protection Act
• Homeownership Counseling Notification Requirements
• Sale of Insurance
• UDAP/UDAAP
• Fair Lending

What is Covered?
• What is an Application, a Prequalification, and a Preapproval
• Lobby Notices
• Applicable Application Requirements, including Adjustable Rate Disclosures and Government Monitoring Information
• The Timing and Content of Early Disclosures, including the Loan Estimate and Closing Disclosure
• When to Collect Fees and Verifiable Information
• Disclosures During the Application Process and at Closing
• Other Determination that are Required - HPML; High Cost; Ability to Repay
• Basic Servicing Requirements
• Commercial lending compliance highlight\

Who Should Attend?
This seminar is designed for the compliance professional who is familiar with the basics of compliance for closed-end real estate secured loans as well those individuals that work in the loan application, processing, closing, and audit functions.