Location: Lansing Community College, West Campus

This one and a half day workshop provides understanding of the new federal lending regulations. Designed for those who deal with mortgage loans. This intense workshop will give lending staff the knowledge of compliance requirements triggered during the life cycle of mortgage loan transactions.  We'll stop and slow down at each obstacle where something new has affected the mortgage lending process.

We'll cover the following regulations with an emphasis on the new requirements and how these rules affect mortgage lending:

• Regulation B – ECOA
• Flood Insurance
• RESPA
• Privacy
• Regulation C – HMDA
• Regulation Z – TIL
• FACT Act

What You Will Learn

• Applications- Compare and contrast the different regulatory definitions of an application.
• Shopping Disclosure and Worksheets- Complete and deliver accurate preliminary disclosures.
• Pre-Qualification and Pre-Approval- Identify how the new RESPA rules affect your ability to pre-qualify applicants.
• Changed Circumstances- Recognize and understand the consequences associated with new changes and how they affect your lending process.
• Pre-Closing- Identify potential pre-closing compliance requirements and provide resolution prior to loan consummation.
• Post Closing- Recognize and address the applicable post-closing compliance monitoring and reporting responsibilities.
   

Designation    Credits
CLBB                 11.75
CRCM                11.75

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