updated 09/09/13 11:36 AM
DISSECTING 2014 MORTAGE RULES
From Applications to Funding
If you have questions about pending mortgage lending changes or need a refresher course on existing compliance and documentation rules, you won't want to miss the 2013 Basic Mortgage Lending Compliance seminar.
Starting Oct. 8 in Westminster, CA, credit union compliance expert Mary-Lou Heighes will walk you through all the regulatory requirements for mortgage lending, including first and subordinate liens, Home Equity Lines of Credit (HELOCs), and higher priced mortgages.
This seminar will repeat six times in different cities. Click here to see if the seminar is coming near you!
This one-day session will start with the application process, covering topics such as:
  • What is an application? Different regulations define this differently.
  • What fair lending issues do you need to be aware of? Equal Credit Opportunity Act (ECOA), Fair Housing Act, and Fair Lending requirements.
  • What are the new appraisal notice requirements under two different regulations.
  • Who gets the adverse action notice, when, and what should it say? This includes the newly redesigned notices.
  • What information can the credit union consider in the application process?
Heighes will further discuss disclosure items, including how to properly complete the Good Faith Estimate (GFE) and Settlement Statement and when these forms required; the difference between Real Estate Settlement Procedures Act (RESPA-required GFE and a GFE provided on a HELOC, and much more!
Click here to register.
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