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Flood Compliance in Lending Part 2: Post Loan Closing

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Thursday, March 16, 2017

12:00 pm – 1:30 pm PT
1:00 pm – 2:30 pm MT
2:00 pm – 3:30 pm CT
3:00 pm – 4:30 pm ET

Flood insurance requirements are important – and numerous. Loan origination compliance requirements were covered during Part 1 of this two-part series. But ongoing flood compliance post-closing is of equal importance and similarly regulation heavy, with many technical requirements. Flood citations are not slowing down and examiners frequently assess penalties. This is a high-risk area for any lender, regardless of whether you have a handful or scores of flood loans. Part 2 will explain how to ensure your procedures are compliant with ongoing flood requirements. It will also address issues and FAQs outlined by the CFPB.

Continuing Education: Attendance verification for CE credits upon request

HIGHLIGHTS

  • Monitoring and tracking flood insurance policies
  • Borrower notifications for flood-plain properties
  • Ongoing flood escrow requirements
  • Force-placement requirements
  • Preparing for your exam – how to know if you are ready
  • FAQs regarding flood requirements post loan closing

  • TAKE-AWAY TOOLKIT
    • Sample tracking spreadsheet
    • Sample force-placement procedures
    • Employee training log
    • Quiz you can administer to measure staff learning and a separate answer key

PART 1 STILL AVAILABLE!

"Flood Compliance in Lending Part 1: Loan Origination"
Thursday, February 23, 2017

WHO SHOULD ATTEND?

This informative session is designed for lenders, loan processors, compliance officers, and auditors.

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