Mortgage Lending - Start To Finish Seminar 2021 | ProBank Austin | 15 October 2021 | Virtual Event

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 one-day seminar will cover the key considerations and required disclosures for mortgage loans secured by real estate through the mortgage loan process – from Application to Servicing. We will bring together the requirements under the various lending-related regulations necessary to ensure compliance for closed-end, consumer purpose real estate and dwelling-secured loans.

During most seminars, regulations are reviewed individually. This seminar discusses the disclosures on a timeline beginning 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. Attendees leave with detailed materials, which will be a valuable reference tool.

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

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