About This Course:
Overwhelmed by the 2014 CFPB changes and the subsequent TRID requirements, many lenders grew to dread consumer real-estate loans. Some financial institutions stopped offering these loans altogether. In this webinar, Anne will guide terrified lenders and processors through a simple real-estate loan and explain the current compliance rules.
This webinar will help you tame those scary real-estate-loan problems and will be particularly helpful to banks wanting to offer consumer real-estate loans for the first time in several years. The supplemental booklet is clear and easy to use. Consider it a companion to the popular Best-Ever Consumer Checklists webinar.
What You'll Learn:- Ability to repay and qualified mortgages
- Right of rescission
- High-cost mortgages and HPMLs
- HMDA
- Intent to apply for joint credit
- Flood insurance
- Appraisals and evaluations
- Credit score disclosures
- Insurance disclosures
- Military Lending Act