Determining if a loan is business or consumer purpose is a basic but extremely important step in lending. It has been important for many years (Regulation Z was enacted in 1968!) yet banks still spend a great deal of time making the distinction.
Mary Beth and Jack will guide you through 50 key considerations that you need to think about and work through in order to approach the August 1, 2015 TRID deadline with complete confidence.
Before an institution can effectively grapple with the hundreds of fine points in the new TILA/RESPA Integrated Disclosure rules, it must first grasp the big picture.
In this review of the servicing rules, John will begin with an analysis of the small servicer exemption criteria so that participants can feel assured of their exempt status (or quickly adjust their expectations and plans if they've misread the
This webinar will focus on the key points that banks need to be aware of relating to reviewing appraisals and evaluations for minimum compliance with the regulatory guidelines as well as the most recent revisions to USPAP.
Recorded on February 23, 2015
Ability-to-Repay/Qualified Mortgages - Review and Update
This program reviews the ability-to-repay and qualified mortgage rules, including the requirements for each of the seven options . The discussion explains the conditions for use of the option and advantages and disadvantages of each option.
An effective internal audit may assist the financial institution with mitigating reputational, regulatory, and financial risks associated with UDAAP violations.