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Course description

CB Credit: 2.5 CRCM

The special Four-Part Webinar series is designed to present the regulatory requirements in chronological order from pre-qualification through post closing.


As part of this training, you will receive a 600+ comprehensive pdf manual that will serve your personnel as a constant resource.


Join BOL Guru David Dickinson and Jerod Moyer in a four part webinar series as they provide an overview of key compliance requirements triggered during the life cycle of a mortgage loan transaction.



The webinar will focus on the new requirements (TRID, Flood, etc.), common errors and examiner interpretations we're hearing. We won't focus on things that are automated, less risky and "old" requirements that everyone gets right; however, these things will be explained in the manual you'll receive. This training opportunity will bring uniformity and understanding of the requirements triggered during the life cycle of a mortgage loan.

This is truly EIGHT Hours of training broken into four-2 hour complementary companion webinars without duplication.


APPLICATIONS:
Compare and contrast the different regulatory definitions of an application what's triggered by each.

DENIALS:
Explains the differences between withdrawals, incomplete applications, counteroffers and denials. The timing and record retention requirements are also explained.

SHOPPING DISCLOSURES AND WORKSHEETS:
Complete and deliver "meaningful" preliminary disclosures, which will allow borrowers to "shop" for the best mortgage loan available.

UNDERWRITING:
Recognize fees that cannot be assessed and identify prohibited practices associated with verification requests prior to delivery of preliminary disclosures. Also explains real estate valuation independence, Ability to Repay, high cost mortgages and higher priced mortgages.

PRE-CLOSING:
Identify potential pre-closing compliance requirements and provide resolution prior to loan consummation.

CLOSING:
Provide accurate disclosures at loan consummation and resolve any compliance issues as required and within the prescribed timeframes.

POST CLOSING:
Reporting HMDA data correctly.

LOAN SERVICING:
An explanation of the monitoring requirements of the Flood Insurance Act and Mortgage Servicing rules are provided. Also, proper crediting of payments, periodic statements, Privacy, PMI is explained.

PROHIBITED ACTS OR PRACTICES:
An understanding of RESPA's Section 8 and Regulation Z prohibitions.

SAFE ACT:
Provides MLO coverage, requirements and policy and procedure expectations. Depending on the amount of questions and discussion, some topics will not be able to be taught in depth. However, all of them are explained, in detail, in the resource manual provided.


Who Should Attend:
The seminar manual will serve your personnel as a constant resource. The manual is almost 600 pages and has a very detailed table of contents (6 pages) so compliance officer, auditors, loan officers and loan administration personnel can refer back to it again and again.

Instructor(s)

David Dickinson and Jerod Moyer

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.Jerod is the leader of Banker's Compliance Consulting's seminar and training productions. His background includes over 16 years in the regulatory compliance field. He is an accomplished teacher and conducts various compliance seminars and webinars for Banker's Compliance Consulting. Jerod has also been a speaker for the American Bankers Association and BankersOnline; many state banking associations and schools, as well as, various webinars.Jerod is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru.

Course curriculum

  • 1

    Video

    • Mortgage Life Cycle - Part 2
  • 2

    Materials

    • Materials

    • Slides

    • Questions and Answers