ATR/QM Rules: Documenting Compliance

Compliance Lending

On-Demand Webinar

StreamedAug 6, 2024Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

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Do the ATR/QM rules apply to your financial institution?

Are you well versed in making a reasonable, good faith determination of a borrower’s ability to repay a mortgage? This fact-filled webinar is a prime opportunity to learn best practices, get tips to improve your program, and understand the seven ability-to-repay options.

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Understand the requirements of the qualified mortgage (QM) rules
Determine which loans are affected by the ATR/QM rules
Define the QM options and the conditions for each
Use best practices and tools when determining a borrower’s ability to repay
Distinguish which lenders qualify as “small creditors” and identify which elements of the QM rules apply to these institutions

WEBINAR DETAILS

The ability-to-repay/qualified mortgage (ATR/QM) rule requires a reasonable, good faith determination of a borrower’s ability to repay any residential mortgage loan. Financial institutions that meet the requirements of either a general QM or small creditor QM will receive safe harbor under the rules for these loans. Without this protection your institution could be at risk.

This session will dive into the details of the QM rules and provide best practices for how to ensure your policies and procedures accurately reflect what’s required. It will also review the seven ability-to-repay options and provide guidance on how to document these factors in the loan file. You will also be provided with tips to strengthen your overall ATR/QM compliance program. Don’t miss this jam-packed session!

WHO SHOULD ATTEND?

This informative session would best suit loan officers, loan operations personnel, compliance officers, and internal auditors.

TAKE-AWAY TOOLKIT

Sample policy language
Sample ATR worksheet
QM comparison
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.