Archive for: HELOC

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Mortgage Lending Compliance Overview

The mortgage lending process is a complicated web of rules, disclosures, timeframes, appraisals, contracts, and more. Each strand is intricately woven together with the others. Can you successfully navigate the compliance complexities or will you hit a snag?

After This Webinar You’ll Be Able To:

  • Understand the requirements for adverse action notices
  • Define “finance charge” and understand how it affects the loan’s APR
  • Explain the three-day right of rescission and know when it applies and how it is calculated
  • Distinguish between services the borrower can shop for and the lender selects
  • Recognize when an affiliated business disclosure must be provided
  • Describe what constitutes a valid change of circumstance

Webinar Details
From application through closing, a variety of laws, rules, and regulations apply to the mortgage lending process. This webinar will cover it all, including fair lending, advance disclosure timing requirements, gathering government monitoring information, appraisal requirements, handling changes, and knowing when revising disclosures is permissible and when it is not. This webinar will touch on all the important issues regarding the generation of first and subordinate lien loans and home equity lines of credit (HELOC).

Who Should Attend?
This informative session is designed for mortgage loan officers, processors, originators, employees responsible for HELOCs, compliance staff, and audit professionals.

Take-Away Toolkit

  • Fair lending model policy
  • Finance charge chart
  • Adverse action table
  • Links to internet resources
  • 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 agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Mary-Lou Heighes – Compliance Plus, Inc.

Mary-Lou Heighes is president and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Heighes has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country.

Involved with financial institutions since 1989, Heighes has over 25 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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HELOC Compliance: Disclosures, Documentation, Advertising, Amending & More

Popular, highly regulated, and detail driven, HELOCs are often a consumer’s product of choice to access the equity in their home. This detailed program will address HELOC advertising, application, changes, draws, disclosures, amendments, termination, guidance, and more. Ensure your program checks off all the compliance “boxes.”

After This Webinar You’ll Be Able To:

  • Understand the specific disclosures required in HELOC documents
  • Analyze the restrictions on advertising HELOC products and the mandatory special wording
  • Distinguish when a change in terms notice must be sent to the borrower
  • Explain the special notice that must be given when a HELOC is reduced, suspended, or terminated
  • Determine if a HELOC can be terminated when the borrower moves out of the home or if the home significantly declines in value
  • Properly manage HELOCs nearing their end-of-draw period

Webinar Details
A home equity line of credit is a special type of loan that is highly regulated. Every aspect of a HELOC has special rules. There are special disclosures to include in loan documents, specific wording required in advertisements, particular limitations on when the lender may decrease or suspend a HELOC, and special timing requirements for disclosures that must be sent before a HELOC matures. Regulation Z prohibits a lender from changing any term of a HELOC, except in very limited circumstances. This webinar will explain the required HELOC disclosures and the restrictions on HELOC advertising. It also will explain the specific situations when a lender is permitted to decrease, suspend, or terminate a HELOC, and the proper steps a lender must take to do so. In addition, how to handle HELOCs nearing their end-of-draw periods will be covered.

Who Should Attend?
This informative session is designed for all mortgage loan officers, loan operations personnel, managers, compliance officers, internal auditors, marketing personnel, and attorneys.

Take-Away Toolkit

  • HELOC advertising checklist
  • Interagency Guidance on Home Equity Lines of Credit Nearing Their End-of-Draw Period
  • Interagency Guidance on Credit Risk Management for Home Equity Lending
  • 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 agency is prohibited. Print materials may be copied for eligible participants only.

Presenter

Elizabeth Fast, JD, CPA – Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane Britt & Browne LLP where she specializes in the representation of financial institutions. Fast is the head of the firm’s training division. She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University. In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant. Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.

Registration Options

  • $245 – Live Webinar Access
  • $245 – OnDemand Access + Digital Download
  • $350 – Both Live & On-Demand Access + Digital Download
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GSB – Introduction to Consumer Lending

Are you new to consumer lending? Do you work closely with consumer lending or work in a supporting role? This program is for you.

We start with comparing and contrasting consumer lending to commercial lending, then defining consumer lending. Next up is how consumer lending consists of two primary types of products delivered in a highly automated and standardized process that has a focus on compliance. After providing an update on consumer lending and consumer financial health trends, we turn to marketing of consumer credit and the many non-bank competitors.

The centerpiece of consumer credit analysis is the three components of debt repayment capacity, collateral support and credit history. We provide an overview of each of these key areas, typical bank parameters or targets, and how they affect the lending decision, along with some situations and example cases. This includes the challenges and recent trends with credit bureau reports.
Residential mortgages loom as the largest credit obligation for most consumers, along with borrowing on the home’s equity. We provide a brief overview of this market, including recent trends and how banks are active in this market in various ways from a strategic standpoint.

All of these topics are explored in more detail with the other programs with the GSB Online Consumer Lending Series (see below).
We conclude with how consumer lending is consistent with the traditional “five cs of credit.”

Topics that will be covered during the seminar:
• Compare and contrast consume lending to business and commercial lending
• Identify the two primary categories of consumer credit and the focus on compliance
• Describe consumer assets, liabilities and cash flow as used in the credit decision
• Compare typical advance rates for various types of consumer loan collateral
• Identify key factors and issues with using credit bureau reports
• Describe key issues and trends in residential and home equity lending

Objectives

  • Learn about the basics of consumer lending
  • Explore marketing consumer loans
  • Gain an understanding of how banks make consumer lending decisions based on the five (5) C’s of credit.
  • Review the basics of consumer loan structure, support, documentation, and compliance with an auto loan, RV loan, and HELOC as examples
  • Apply consumer lending through case studies

Target Audience
Assistant relationship managers, branch managers that lend to business owners, commercial lenders, community bankers, Consumer lenders, credit analysts, involved in or supporting/working with consumer and residential lending, loan review specialists and others new to, portfolio managers, private bankers, small business lenders, and special assets officers.

Presenter
Richard Hamm, Advantage Consulting & Training

Registration Option
Live presentation $330

Recording available through January 17, 2024

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questions@wisbank.com

608-441-1200

4721 S Biltmore Ln.
Madison, WI 53718

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