Mortgage Loan Originator Required Training Series - Part 3
Commentary to 1026.36(f)(3)(iii)...
"Training. The periodic training required in § 1026.36(f)(3)(iii) must be sufficient in frequency, timing, duration, and content to ensure that the individual loan originator has the knowledge of State and Federal legal requirements that apply to the individual loan originator's loan origination activities. The training must take into consideration the particular responsibilities of the individual loan originator and the nature and complexity of the mortgage loans with which the individual loan originator works. An individual loan originator is not required to receive training on requirements and standards that apply to types of mortgage loans that the individual loan originator does not originate, or on subjects in which the individual loan originator already has the necessary knowledge and skill."
Session Three in this quarterly series will focus on the end of the mortgage life cycle and the requirements when the loan application has been approved, approved not accepted, denied, or withdrawn. How do you close an approved mortgage loan request? What documents are required? What appraisal copy rules must be followed prior to closing? What procedures must be followed for Regulation B, Z, RESPA, HMDA, and Flood? Plus, learn about additional “post closing” requirements to correctly report transactions on the HMDA LAR.
- What disclosures are required for TILA (Regulation Z) and RESPA at closing?
- What are the special rules for closing an HPML and a High-Cost Mortgage?
- What rescission rules must be followed? When do they apply?
- What are the appropriate notifications for denied loans? How should approved, not accepted and withdrawn loan applications be documented?
- Review of the Loan Disclosure and common mistakes; tolerance reviews and reimbursement rules
- HMDA reporting review
- Flood Determination Process and calculation examples
- Learn how to prove the loan originators have sufficient knowledge for their job responsibilities.
Who Should Attend
Mortgage loan originators, loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.
Susan Costonis is a compliance consultant and trainer. She frequently provides consulting services to financial institutions regarding fair lending and other compliance management issues. Her 37 year career in banking and training began with 20 years at First National Bank, an affiliate of Wells Fargo Bank, in Fort Collins, CO. Susan has been a bank compliance consultant or compliance officer in Louisiana since 1998.
During her career, Susan has successfully managed compliance programs and exams for institutions supervised by the OCC, FDIC, and Federal Reserve. She is a Certified Regulatory Compliance Manager and completed the ABA Graduate Compliance School and the Graduate Banking School of the University of Colorado. Susan regularly presents seminars to financial associations.
|Licenses / Designations / Educational Credits:||CEU|
All US States: 2.5
All Canadian Provinces: 2.5
|About The Provider:
||Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.
For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.
We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.
Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.
Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
||Contact Us For More Information
||Share on Facebook
Share on Twitter
Share on Google+
|Currently Scheduled Dates For This Webcast|
|Mortgage Loan Originator Required Training Series - Part 3||CD/On-Demand||$325.00||
Getting Your License: NMLS-Approved Online Instructor-Led Course
Objection Handling Training Program
FSBO Marketing System
Expired Listings / FSBO Marketing System
The Complete Pre-Listing System: Get In, Get Out, Get The Listing!
Big Book of Real Estate Ads: 1001 Ads That Sell, 3rd Edition
30 Million Dollar Marketing System
The Business Planning System for the Real Estate Professional
Real Estate Office Management
Procedures Manual For Agents
The Policies, Procedures, &Personnel Forms Manual
Human Resources for Anyone with Newly Assigned HR Responsibilities