WBA Community Bankers for Compliance Program – Session IV

Program Information

With the current status of the CFPB, we have the ability to focus on subjects that do not involve dealing with the details of the latest changes. It is anticipated that the Regulatory Update will be relatively brief, allowing us the flexibility to review other portions of your compliance operation that we have not had time to discuss due to the volume of regulation.

Session IV Topics

Construction Loans and TRID
While we briefly discussed construction loans last quarter, we will now discuss construction loan in-depth, including the various impacts that construction loans have on TRID. We will look at all portions of the Loan Estimate and Closing Disclosure affected by: a construction-only loan, a construction-permanent loan using one disclosure, and a construction-permanent loan using two disclosures.

Using the APR Software for All Loan Types
This topic will include a discussion of finance charges and their impact on the APR, focusing on all the “new” fees and charges that were not contemplated by Regulation Z. The Regulation Z rules have not been updated in perhaps 30 years.

The Homeowners Protection Act
This topic has not been discussed in the CBC for about 7 years. It revolves around the issue of PMI, which shows up in hotline questions frequently. We will discuss the entire PMI process, including the Loan Estimate and Closing Disclosure, potential escrow issues, and the Act itself. The Act is a law, not a regulation, and we will be discussing it as bankers, not as attorneys.

Reviewing your Loan Policies
This section builds on last quarter’s material, covering the remaining loan policies your bank should have and what they should include. Policies provide your staff with clear guidance for implementing regulations. Many banks state they will “follow the regulation,” but regulators now expect more detailed policies — this section will help ensure yours meet current requirements. To allow more time for other topics, this content will be delivered through Excel spreadsheets for easy implementation with minimal presentation time

Who Should Attend?

This seminar will benefit anyone in your institution who deals with construction loans, as well as other loan types. The presentation will be useful for compliance officers, lenders, loan processors, lending management, auditors, and any other interested parties.

Speaker

Dale Neiss, CRCM – Consultant, Young & Associates, Inc.

Dale Neiss is a consultant with Young & Associates. With more than 30 years of banking experience in Denver, Colo., Dale has developed and implemented compliance management systems, loan review and community reinvestment act (CRA) programs, and enterprise risk management (ERM) framework for multiple banks. He has held the titles of Compliance and Loan Review Manager, BSA and CRA Officer, and Enterprise Risk Management Director. Prior to his Denver banking experience, Dale began his banking career with the Office of the Comptroller of the Currency in Indianapolis, Ind., as an associate national bank examiner. At Young & Associates., he provides consulting and training, as well as writes articles and compliance manuals. He holds the designation of Certified Regulatory Compliance Manager (CRCM) by the Institute of Certified Bankers in Washington, D.C. Dale earned a Bachelor of Business Administration degree in Finance and Management from Kent State University.