BankTrainingCenter.com offers banking exams, banking degree training, and professional development for banking professionals
Course/Product Description
Title:

The New Ability-to-Repay and QM Rule: An In-Depth Look at the Issues

SKU:WT-1000974
Format: Webinar
Description:

Of the many new rules the CFPB finalized this past January, among the most complex is the ability-to-repay and Qualified Mortgage (QM) rule. This rule alone will have dramatic implications for the mortgage marketplace and will impact the product-level decisions for every consumer mortgage lender in the country. How will your institution react? There are many decisions to be made.

In this webinar we'll discuss the precise requirements of the lender's duty to evaluate the consumer's ability to repay, including how to evaluate precisely what factors in the process. As well, we'll talk about the various types of Qualified Mortgages, or QMs, and what those definitions mean. There are differing legal standards for the different types, and understanding the implications involved is a critical strategic step your institution must take.

We'll also discuss what could happen if there are problems - it's not just the examiners you have to worry about here. There are significant legal risks that could halt the foreclosure process in its tracks, which could put a financial strain on your institution if things don't go smoothly.

We'll go in-depth on the details of the rule, its application, and the specific requirement to provide you a thorough understanding of what is required, along with the consequences.

Covered Topics:

  • Application of the rules - to what types of loan specifically?
  • The many exemptions, including partial exemptions
  • Refinancing a "nonstandard mortgage" into a "standard mortgage" - 6 required standards
  • What ability-to-repay is NOT
  • What are the 8 minimum underwriting factors in detail, and how are they detailed in the new Appendix Q?
  • Restrictions on prepayment penalties - what loans and what penalties
  • Qualified mortgages - different types and different standards
  • "Points and fees": what's included and what isn't
  • Balloon loans - can they be QMs?
  • Record retention requirements

Who Should Attend

Anyone involved in consumer mortgage loan (as well as other real estate-secured loan) operations, underwriting, servicing, and compliance will benefit from this session, including compliance officers, underwriters, senior management, bank counsel, and operations, among others.

Carl is an excellent speaker. If you have additional questions, he always follows up! - Brenda P., Northampton Cooperative Bank

The Presenter

Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.

Licenses / Designations / Educational Credits:CEU
All US States: 2.5
All Canadian Provinces: 2.5
About The Provider: Since 1983 Total Training Solutions has produced dozens of videotapes, CD-Roms, DVD's and web-based training modules. In addition to off-the-shelf products, Total Training Solutions also develops custom training products and consults with financial institutions to develop their own training curriculum.

For timely delivery of training topics, webinars or web conferencing is an unbeatable option. We now offer over 100 live programs per year and you can even purchase the recorded or ondemand session if you are unable to attend the live program.

We have worked exclusively with the financial industry since our founding. Because of this, we understand the needs of training departments in financial institutions and are alert to changes which affect the industry.

Webinar Descriptions:

Live Session:
Attend the live session with the opportunity to ask questions to the presenter. You also receive a link to the handouts. All registrations for a live event will be given access to the OnDemand recording, at no additional cost, for seven days following the event. This will allow a flexible alternative when last minute conflicts intrude on scheduled events.

Recorded CD:
CD-Rom includes audio and video of recorded webinar plus hard copy handouts. You will also receive 6 months access to the OnDemand weblink as an added free bonus.

OnDemand:
Includes a weblink for unlimited viewing for 6 months after the date of the webinar as well as a link to handouts.

Live + Recorded:
Includes all three options above. Live session, OnDemand Weblink, and CD-Rom plus Hardcopy Handouts.

Live + OnDemand:
Includes two of the options above. Live session and 6 months access to OnDemand Weblink plus link to handouts.
Price: $265.00
More Info: Contact Us For More Information
Share This: Share on Facebook


Share on Twitter


Share on Google+


Currently Scheduled Dates For This Webcast
Course TitleDatePrice
The New Ability-to-Repay and QM Rule: An In-Depth Look at the IssuesCD/On-Demand$325.00

Certified Regulatory Vendor Program Manager
Certified Regulatory Vendor Program Manager

Ratio Analysis To Determine Financial Strength
Ratio Analysis To Determine Financial Strength

Marketing &Advertising Compliance
Marketing &Advertising Compliance

Flood Insurance: Compliance Issues And Enforcement Topics That Continue To Plague Lenders
Flood Insurance: Compliance Issues And Enforcement Topics That Continue To Plague Lenders

Controlling the Risks of Power of Attorney Documents
Controlling the Risks of Power of Attorney Documents

Living Trust Documents
Living Trust Documents

Bank and Financial Institution Fraud
Bank and Financial Institution Fraud

Critical Issues on Certificates of Deposit (CDs)
Critical Issues on Certificates of Deposit (CDs)

ACH &Wire Transfer Training Courses
ACH &Wire Transfer Training Courses

Cyber Security Training Courses
Cyber Security Training Courses

Basic Cash Flow Analysis
Basic Cash Flow Analysis

Lending 101
Lending 101

Deposit Compliance Training
Deposit Compliance Training

Loan Processing 101: The Basics
Loan Processing 101: The Basics

Loan Officer Boot Camp
Loan Officer Boot Camp

FHA Direct Endorsement - DE Underwriting
FHA Direct Endorsement - DE Underwriting

FacebookBankTrainingCenter.com. 5755 North Point Parkway, Suite 228 | Alpharetta, GA 30022 | 770-410-9375 | support@BankTrainingCenter.com
Copyright BankTrainingCenter.com 2017 | Web Site Development by OTAU
Facebook