Mortgage Lending Regulations
For additional training on compliance issues register for the CUNA Regulatory Compliance eSchool: Introduction which starts May 7, 2008.
This webinar was offered live on
May 7, 2008 Access this archived webinar
please read Archive Webinar Overview below before accessing
Access available May 14–November 14, 2008
Tuition: $438 for the archive webinar (live webinar not included)
ABOUT THIS ARCHIVE WEBINAR
This webinar on mortgage lending compliance is one of the most comprehensive classes available to run your mortgage operation within the framework of the rules and regulations governing your lending practices. This introductory class will give your employees a sound foundation in regulatory compliance with emphasis on understanding disclosures, correct and accurate completion, along with the triggers and timing of disclosures.
Session topics:
- Regulation Z, Truth in Lending
- Regulation X, Real Estate Settlement Procedures Act
- Regulation C, Home Mortgage Disclosure Act
- Fair Housing Act and NCUA Non-Discrimination Rules
- Regulation B, Equal Credit Opportunity Act
- Flood Disaster Protection Act
- Secondary Mortgage Markets
RegTraC – CUNA's Regulatory Compliance Training and Certification Program is the basis for this webinar and the tuition includes Module 4: Mortgage Lending Regulations from the RegTraC Level 2 program. For more information on RegTraC click here.
TOPICS & OBJECTIVES
Mortgage Lending Regulations
- Understand the most common Truth in Lending violations and how to avoid them
- Take control of your rescission practices and determine accurate annual percentage rates
- Discover how within the last four years, the Department of Housing and Urban Development has tripled its RESPA enforcement staff and is working closely with State Attorneys' General to crack down on referral fees and other violations
- Learn how in 2006 alone, HUD assessed $3.8 million in fines
- Gain help on how to craft a program that complies with the requirements of RESPA
- Explore the Home Mortgage Disclosure Act and how it was strengthened a few years ago to help regulators, legislators, and consumer groups detect possible signs of predatory lending practices
- Understand who needs to gather and report mortgage loan data and how to accurately complete your loan application register
- Identify how the Fair Housing Act affects everyone in the housing related industry
- Identify whether prohibited practices occur in your mortgage operation and gain a better understanding of NCUA's appraisal rules and exceptions
- Learn about how the Equal Credit Opportunity Act has certain provisions that apply specifically to your mortgage lending activities
- Learn about notice requirements and tools for maintaining good relationships with your applicants
- Review how flood insurance is mandated for loans secured by improved residential and commercial property
- Ensure your credit union's mortgage department and consumer lending department that handles subordinate liens understands the requirements for determining whether a property is in a special flood hazard area and identify the responsibilities for monitoring sufficient flood insurance throughout the life of the loan
- Discover a great primer in understanding the role of the secondary mortgage market, who the players are, and what types of loans are eligible for sale
WHO SHOULD ATTEND
This webinar is designed for compliance staff and staff at all levels of credit union management who are interested in expanding their expertise in credit union compliance issues.
Every credit union that offers mortgages or equity loans has a responsibility to protect its applicants and employees by implementing a strong mortgage compliance program. Understanding how to accurately prepare and deliver timely disclosures can protect your credit union from losses as well as help to educate its members about the mortgage application and origination process.
Affiliation with CUNA/League is required for attendance.
For more program content information, call 800-356-9655, ext. 4249 or e-mail elearning@cuna.coop. For registration questions, call 800-356-9655, ext.4400 or e-mail reginfo@cuna.coop.
INSTRUCTORS
RaAnn Wood, CUCE
RaAnn is the CEO of California Center Credit Union. Before joining the credit union, RaAnn was with the California Credit Union League where she served as the professional networks manager in the education and training department following five years with the league's research and information department. RaAnn's career with credit unions began in 1975, and she has since worked in mortgage banking, with savings banks, and with thrift and loan companies. She is a CUNA Certified Credit Union Compliance Expert (CUCE) and has enjoyed working in the compliance arena as a compliance officer and as a compliance trainer in several financial service industries.
ARCHIVE WEBINAR OVERVIEW
Archived CUNA Webinars enable staff to pick up new skills and keep up with daily responsibilities. Viewing a archived webinar will enable you to see and hear a presentation, questions of the instructor, and refer to handouts. You need only a computer with an Internet connection and speakers. If you have a computer projection screen, it's easy to provide this training to a whole roomful of staff!
Use our 90- to 120-minute archived webinars as part of a full day of training by gaining knowledge and ideas at the webinar, then spend some time discussing how the new information applies to your credit union.
A single session archived webinar will be made available usually within 48 hours of the live event and a two session archived webinar will be made available within 48 hours of the conclusion of the second session. By registering for this archived webinar, you will receive unlimited access until the end date listed above. No access to this archived webinar is provided after the end date listed above.
FREE PUBLICATIONS
Try one of these publications free when you register for this program!
- Credit Union Magazine (6 months free!)
- Directors Newsletter (6 months free!)
Find out more about these publications
CANCELLATIONS
The last day for cancellations was May 13, 2008. Substitutions are accepted anytime prior to May 14, 2008 at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing.
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