HELOC – Deep Dive
Home equity lines of credit (HELOC) are a popular loan product with very unique compliance requirements. Join us as we dive deep to ensure that your institution is accurately addressing all aspects of this product from disclosures to statements, including understanding compliance and fair lending risks when property values decline.
This program is designed to provide numerous checklists and examples to utilize in reviewing or developing a HELOC product. An overview of the compliance regulations impacting the HELOC product will be provided, including a detailed checklist to verify the disclosure includes all required details. We will review rescission and periodic statement requirements as well as possible action steps to take when property values decline. Sample line suspension letters and a freeze notice will be given. Definitely a session designed to provide guidance whether you are developing, servicing, or auditing HELOCs.
A detailed manual is provided for future reference to all participants.
What You’ll Learn
Who Should Attend
This informative session is designed for loan officers, loan support staff, compliance officers, auditors, and others responsible for origination and servicing of HELOCs.
Molly Stull began her banking career on the teller line while working on her undergraduate degree and has continued working in the financial industry ever since. Some of her experience includes roles in operations, business resumption planning, consumer compliance, and conducting audits. Her favorite role is ensuring that her audience, whether on the sports field or in the financial industry, understands the “why” behind the rule. Her wealth of financial knowledge and her numerous years of experience enable her to relate the material to the audience.
- Live Access, 30 Days OnDemand Playback, Presenter Materials and Handouts – $279
- Available Upgrades:
- 12 Months OnDemand Playback + $110
- 12 Months OnDemand Playback + CD + $140
- Additional Live Access + $75 per person