Critical Timing Requirements in the Mortgage Loan Origination Process
On-Demand Webinar
StreamedJan 11, 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
With mortgage loan origination, timing is everything!
Do you know how long the window
is open to fulfill your compliance obligations? Are you certain you know what
the compliance requirements are? A sequentially dated mortgage loan file is a
must-know for all mortgage lenders and processors, especially in preparation
for the next examination or compliance review. Clear the confusing cobwebs with
this insightful webinar.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Distinguish between a preapproval and an application
- Ensure electronic delivery of written notices satisfies the E-SIGN Act requirements
- Explain when to use business days versus calendar days to meet compliance requirements
- Identify triggering events that determine when compliance notices are required
- Recognize the importance of documenting valid change in circumstances
- Understand critical regulatory compliance timing requirements, including delivery of the Loan Estimate right-of-rescission notice
WEBINAR DETAILS
A consumer real estate loan is impacted by more
regulatory requirements than many other products and services. Meeting critical
timing requirements for the numerous disclosures and required actions is
essential during the mortgage loan origination process. Have you ever second
guessed whether the disclosure’s delivery date was based upon business days or
calendar days? Does Saturday count? Is today day one or is tomorrow day one? In
some cases, disclosures can only be provided so far in advance of a triggering
event, while others require a different version to be delivered so many days
after an event.
Assembling a compliant loan file can be quite
confusing, but the process is dependent upon understanding the numerous timing
requirements that go beyond those required by TRID. This webinar will dig into
the critical loan compliance timing constraints related to the delivery and
receipt of mortgage loan documents during the origination process.
WHO SHOULD ATTEND?
This informative session
is designed for mortgage lenders, loan processors, and staff responsible for
auditing and reviewing loan files, including loan review personnel, compliance
officers, and internal auditors.
TAKE-AWAY TOOLKIT
- Regulatory application triggers
- Mortgage loan flow chart
- Sample changed circumstance form
- Flood insurance calculation worksheet
- Sample mortgage loan checklist
- 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.
TESTIMONIALS
"It was a good refresher even for a seasoned lender."
- Judy, The Peoples Community Bank
Presented By
Brode Consulting Services, Inc.
© 2024 FINANCIAL EDUCATION & DEVELOPMENT, INC
