Bio:
Jack Holzknecht is the CEO of Compliance Resource, LLC. He has been delivering the word on lending compliance for 39 years. In Jack's 34 years as a trainer over 125,000 bankers (and many examiners) have participated in his live seminars and webinars. Jack's career began in 1976 as a federal bank examiner. He later headed the product and education divisions of a regional consulting company. There he developed loan and deposit form systems and software. He also developed and presented training programs to bankers in 43 states. Jack has been an instructor at compliance schools presented by several state bankers associations. He developed and delivered compliance training for the FDIC and OTS for ten years. He is a Certified Regulatory Compliance Manager and a member of the National Speakers Association. He is also a "BOL Guru."
See all Upcoming and On-Demand training presented by Jack.
Questions Answered
03/18/2018
If you use a vendor that provides scores from all 3 bureaus and you only use the score/reasons from one bureau for the denial, do you use that specific bureau's name and address or the actual vendor that supplied the report for your adverse action?
03/18/2018
Is the escrow cancellation notice always required to be sent?
03/11/2018
Is there a limit on the balance the bank can require the customer to place in the escrow account?
03/11/2018
Are we required to accept private flood insurance when requested by the borrower?
03/11/2018
Just to clarify, Fannie and Freddie are not going to be accepting the new application until the Summer of 2019 so we have to use the OLD URLA for them with the extended Demographic Information, but an in-house we can use the new URLA?
03/04/2018
If the loan is for debt consolidation, would it be excluded from reporting?
03/04/2018
We are not examined by the CFPB. Should we be worried about Section 8 violations?
03/04/2018
If you need to provide a revised closing disclosure after the loan closes, what is the time frame we have to redisclose?
02/25/2018
If the borrower on the old loan is an individual and he wants to refinance the loan and put it in his company's name (he is sole owner) would that be a refinance?
02/25/2018
My compliance officer says we have an affiliated business arrangement with a title insurance company that is 20% owned by our holding company. I thought the rules kicked in with 25% ownership. Who’s right?
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