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Course description

ICB Credit: 2.5 CRCM

Join BOL Guru David Dickinson to learn the rules of loan applicants and applications. You may think an application is a basic document, but there are nuances and complexities to the application process that can lead to compliance violations if applicants and applications are not properly understood.

We'll step through the application process and provide real life examples. You will learn when an inquiry becomes an application; the difference between a pre-qualification and a pre-approval; when you can and cannot require signers or guarantors. You will also learn when an application is required to be in writing, when other disclosures are triggered and when an Adverse Action Notice must be provided.

We'll cover the answers to these questions and many more:

  • What is considered a loan application?
  • When does an inquiry become an application?
  • What is a Prequalification?
  • If I have a prequalification, do I have to do anything?
  • What is a Preapproval?
  • If I have a preapproval, do I have to do anything?
  • Must an application be in writing?
  • What about applications not received in person?
  • Must applications be signed?
  • Can I require a spouse or someone else to sign?
  • When can I require someone to guaranty or co-sign a loan?
  • What's the difference between a co-signer, a co-applicant and a co-borrower?
  • When are Truth in Lending and RESPA disclosures triggered?
  • When is an Adverse Action Notice needed?
  • What is a HMDA preapproval?

** This webinar will touch on when can you ask a spouse (or other person) to sign and what documents they can be required to sign; however, documenting joint intent is a separate webinar topic. Also, this webinar is not focused on Reg Z and RESPA disclosures, but rather the application process that triggers these disclosures.


Who Should Attend: 
This webinar will be designed for Senior Management, Compliance Officers, Auditors, Lenders, Loan Processors and Loan Operations Personnel.

Instructor(s)

David Dickinson

David’s banking career began as a field examiner for the FDIC in 1990. He later became a Loan Officer for a small bank. In 1993, he established Banker’s Compliance Consulting. Along with his amazingly talented Team, he has written numerous compliance articles for prestigious banking publications and has developed compliance seminars that Banker’s Compliance Consulting produces.He is an expert in compliance regulations. He is also a motivational speaker and innovative educator. His quick wit and sense of humor transforms the usually tiring topic of compliance into an enjoyable educational experience. David is on the faculty of the Center for Financial Training, the American Bankers Association National Compliance Schools and is a frequent speaker at the ABA’s Regulatory Compliance Conference. David is also a trainer for hundreds of webinars, is a Certified Regulatory Compliance Manager (CRCM) and has been a BankersOnline Guru for many years. The American Bankers Association honored David with their Distinguished Service Award in 2016.David and his wife Karen have 3 adult children (none of whom live at home!) & 3 cats (which Dave is allergic to). They live on a lake in Nebraska and when possible, Dave can be found fishing or in the water. David plays the guitar & piano and enjoys singing with Karen. Together they lead worship at their church.

Course curriculum

  • 1

    Video

    • Understanding applications and applicants
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers