Critical Timing Requirements in the Mortgage Loan Origination Process
With mortgage loan origination, timing is everything!
Do you know how long the window is open to fulfill your compliance obligations? Are you certain you know what the compliance requirements are? A sequentially dated mortgage loan file is a must-know for all mortgage lenders and processors, especially in preparation for the next examination or compliance review. Clear the confusing cobwebs with this insightful webinar.
After This Webinar You’ll Be Able To:
- Distinguish between a preapproval and an application
- Ensure electronic delivery of written notices satisfies the E-SIGN Act requirements
- Explain when to use business days versus calendar days to meet compliance requirements
- Identify triggering events that determine when compliance notices are required
- Recognize the importance of documenting valid change in circumstances
- Understand critical regulatory compliance timing requirements, including delivery of the Loan Estimate right-of-rescission notice
Webinar Details
A consumer real estate loan is impacted by more regulatory requirements than many other products and services. Meeting critical timing requirements for the numerous disclosures and required actions is essential during the mortgage loan origination process. Have you ever second guessed whether the disclosure’s delivery date was based upon business days or calendar days? Does Saturday count? Is today day one or is tomorrow day one? In some cases, disclosures can only be provided so far in advance of a triggering event, while others require a different version to be delivered so many days after an event.
Who Should Attend?
This informative session is designed for mortgage lenders, loan processors, and staff responsible for auditing and reviewing loan files, including loan review personnel, compliance officers, and internal auditors.
Take-Away Toolkit
- Regulatory application triggers
- Mortgage loan flow chart
- Sample changed circumstance form
- Flood insurance calculation worksheet
- Sample mortgage loan checklist
- 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 institution is prohibited. Print materials may be copied for eligible participants only.
Presenter
Molly Stull — Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, branch mergers, charter changes, name changes, etc. Stull has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Stull holds a bachelor’s from the University of Akron and an MBA from Ashland University.
Registration Options
- $279 – Live Webinar Access
- $279 – OnDemand Access + Digital Download
- $379 – Both Live & On-Demand Access + Digital Download
