ProBank Mortgage Lending - Start to Finish 2022 (C) | ProBank Austin | 26 September 2022 | Online

Mortgage loans are perhaps the most complicated loan product with respect to Federal lending compliance. These loans are potentially subject to the greatest number of rules compared to other loan products, and the timing of those requirements may be specific. Also, the coverage of rules varies. As creditors receive applications and progress through the application process, they have to walk through a confusing maze caused by a patchwork of over a dozen laws and regulations.

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 consumer 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

2022 Speakers

Anetria Cohen
Vice President, ProBank Austin