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Course/Product Description
Title:

The New CFPB Mortgage Rules: Strategic Decisions That Must be Made Before Implemention

SKU:WT-1001094
Format: Webinar
Description:

Believe it or not, implementing all the new CFPB mortgage regulations is only the second step in the process. These rules will have a fundamental impact on the industry, creating new obstacles as well as opportunities for lenders. Before rushing to formulate task forces within your bank to figure out how you're going to get all these things into place before next January, take a step back. Consider what these rules will mean for your bank. What types of consumer mortgage loans will you continue to offer? What will the impacts on other areas of the bank be? Will there be any unintended consequences of those decisions?

Better yet, get your management involved. These are not merely compliance issues; they will have major financial implications, as well as credit policy, risk management, fair lending, and CRA ramifications. In order to figure out what your bank wants to do about these issues means you first must understand what those issues are. That's the focus of this webinar.

We'll discuss how the rules will fundamentally alter the business of mortgage lending both industry-wide, as well as in your bank. As a result, critical decisions must be made regarding how to approach the process.

Covered Topics

  • What types of mortgage loans will you choose to offer (or not)? 
  • Will your bank offer Section 32 loans? Or if you don't presently, how many loans will the changes to the rules eliminate?
  • How will you manage the points and fees limitation for QMs?
  • How will your relationships with third-party service providers, including affiliates, be affected?
  • How will your decisions be viewed through a UDAAP lens by the regulators?
  • Will your decisions alter your bank's fair lending and CRA profiles?
  • How will you handle the new servicing requirements (even if you only service portfolio loans)?


These are but a few questions your bank must answer before putting the rules into place. We'll talk about the compliance requirements all right, but through the viewpoint of what they'll mean to your bank and its business.

It is important to understand these issues now, to be ready to inform management, and even brief your
Board, on what is changing and the effect of these changes. You'll need to coordinate with software vendors, settlement service providers, and auditors, among many other responsibilities.

Who Should Attend

This program is designed not only for the compliance officer, but also bank management, and others with responsibility for strategic decision-making, as well as those responsible for assuring compliance with laws and regulations governing consumer mortgage lending.

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
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Currently Scheduled Dates For This Webcast
Course TitleDatePrice
The New CFPB Mortgage Rules: Strategic Decisions That Must be Made Before ImplementionCD/On-Demand$325.00

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