Program Description:
Compliance training can be difficult, not to mention uninteresting to participants, since discussions normally focus on unfamiliar acronyms like RESPA, HMDA, and a jumble of letters (Reg. Z, O, B, etc.). How can you make the process easier and more relevant to your audience? This webinar is different: we discuss how the lending process works; it is a roadmap through the transaction process rather than just talking about individual rules that may not have relevance to your audience. By utilizing this approach, participants can apply the proper rules to their specific duties. Learn what regulators and other authorities require from your loan departments, loan officers, underwriters, and marketers, among others.
This two-hour course covers:
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Product development, including advertising and marketing new products
- Fair lending implications
- Required disclosures for different loan products, including timing requirements
- Prequalifications, applications and underwriting guidelines (including new FCRA requirements)
- Denying loan requests
- Closing new loans and refinancing existing loans – disclosure requirements (or not)
- Servicing requirements
- IRS Reporting
- Collecting and foreclosing on delinquent loans
- And more
Rather than being regulation-specific, this discussion focuses on what loan officers do, rather than a detailed discussion of the intricacies of laws and regulations. Various components of Reg B, C, O, Z, BB and RESPA and IRS requirements will be included. Plus frequent question and answer sessions throughout this presentation. Who Should Attend:
This seminar is necessary for anybody involved in the consumer lending process, whether it be credit cards, installment loans or mortgages. It is structured around how loans are developed and made, not by rule or regulation, so it is relevant to more than just your compliance officer. Loan officers, marketers, underwriters, closing agents, and servicing personnel will all benefit from this webinar, as will auditors, quality control personnel, bank counsel, and senior management.
Presenter:
Carl Pry, J.D., Director of Fair Lending Compliance for KeyBank in Cleveland, Ohio. Mr. Pry provides a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
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