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 webinar, Anne will guide terrified lenders and processors through a simple real-estate loan and explain the current compliance rules. This webinar will help you tame those scary real-estate-loan problems and will be particularly helpful to credit unions 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.
Covered Topics
- Truth in Lending
- Ability to repay and qualified mortgages
- Right of rescission
- High-cost mortgages
- HPMLs
- ARMs
- TRID requirements
- RESPA
- HMDA
- Reg B
- Copies of appraisals
- Intent to apply for joint credit
- Monitoring requirements
- Flood insurance
- Appraisals and evaluations
Who Should Attend?
Less experienced lenders, loan processors, compliance officers and loan review personnel will benefit from this step-by-step webinar.