Consumer Compliance for the Online Lender

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: OLC-M Price: $305/$255 DESCRIPTION: A comprehensive manual covering federal rules and regulations affecting consumer online lenders. ProBank Austin is pleased to offer the Consumer Compliance for the Online Lender manual. This manual is designed specifically to assist the online lender with detailed instruction on all the topics that affect consumer mortgages and operations issues. This manual is a must for those entering the “online lending regulatory compliance world.” This manual will likely be referred to on countless occasions.   TOPICS Equal Credit Opportunity Act – Regulation B Fair Credit Reporting Act Truth-in-Lending Act – Regulation Z* (Closed-End Credit) The New Integrated Mortgage Disclosures under the Truth-in-Lending Act and the Real Estate Settlement Procedures Act Consumer Protection for Bank Sales of Insurance Talent Amendment/Military Lending Act Servicemembers Civil Relief Act (SCRA) Unfair, Deceptive or Abusive Acts or Practices (UDAAP) Privacy of Consumer Financial Information Electronic Signatures in Global and National Commerce Act Anti-Money Laundering and Bank Secrecy Act...

Loan Products Workshop

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: LPW-M Price: $180/$150   DESCRIPTION: Lending compliance regulations are numerous and coverage for different rules vary. Therefore, when learning about lending compliance regulations, financial institutions are often left trying to figure out which regulations and provisions apply to what loan product. As well, regulations often require creditors to treat products in different ways for disclosure and Ability-to-Repay requirements. This manual approaches lending compliance from the perspective of the product – the way financial institutions organize their services– rather than the regulation. In particular, the manual will focus on origination and servicing obligations that are specific to certain products. For example, if an institution has an ARM loan, what specific disclosures with respect to an ARM are required? How will we see adjustable rates disclosed on the Loan Estimate and Closing Disclosure? What are the Ability-to-Repay requirements? In addition to providing the regulations, information will be given in a checklist format so as to summarize and explain the regulations in a clear, precise manner. The manual is a valuable tool to those in the lending area to make lending compliance more accessible and intuitive to an institution’s processes. TOPICS Consumer Loans Unsecured, Vehicle, CD- or Share Secured Residential Loans – Closed-End Notification Requirements, including Adverse Action Notices Fixed ARMs Balloons Construction Construction – Permanent Refinance Home Equity Residential Loans – Open-End (HELOCs) Commercial Loans WHAT REGULATIONS ARE ADDRESSED: Equal Credit Opportunity Act/Regulation B Truth-in-Lending Act/ Regulation Z Exemptions Disclosures Ability-to-Repay Real Estate Settlement Procures Act Flood Fair Credit Reporting Act Military Lending...

TRID Compliance: The Final Frontier

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: IM1-M Price: $180/$150   DESCRIPTION: Mortgage disclosure regulation has over 45 years of history. As mandated by the Dodd-Frank Act, completely new mortgage disclosure rules and integrated mortgage disclosure forms for the Closing Disclosure and the Loan Estimate (the TRID disclosures) were implemented providing a new regulatory landscape. In August 2016, the Consumer Financial Protections Bureau (CFPB) published proposed clarifications with respect to these new TRID disclosures. The clarifications identified issues that were brought to the CFPB’s attention along with their proposed solutions as well as a general request to overhaul a section that has proven to be particularity troublesome – the Calculating Cash to Close Table. In July 2017, the CFPB issued a final rule providing changes and, clarifications to the mortgage disclosure provisions and the TRID disclosures. As such, the final rule memorializes certain past informal guidance issued by the CFPB and makes clarifications and amendments on current troublesome issues that we have all been facing. Thus, the CFPB’s clarifications and changes are providing answers in certain areas in which there has not been an appropriate answer until now. The final rule became effective October 10, 2017; however, compliance will be mandatory for transactions for which a creditor receives an application on or after October 1, 2018. Requirements for the Escrow Closing Notice and Partial Payment disclosures provided post-consummation are applicable starting October 1, 2018. The final rule also provides for an optional compliance period for applications received prior to October 1, 2018. The comprehensive seminar manual serves as a...

Fair Lending Risk and CRA Compliance

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: FLC-M Price: $105/$90   DESCRIPTION: The Community Reinvestment Act (CRA) and Fair Lending continue to be top compliance priorities for federal regulators. As this focus continues, large, medium and small institutions all may be at risk for rating downgrades, redlining allegations and targeted examinations. This seminar focuses on best practices in risk management and the practicalities of CRA and Fair Lending compliance. This manual covers not only the basics, but also the intricacies of the CRA and Fair Lending laws and regulations, including current issues and areas of regulatory focus. The manual addresses logistical issues faced by large, small and intermediate small institutions. Strategic management of lending operations through data collection and analysis is emphasized. Areas of vulnerability are covered, as are examination procedures and preparation. The benefits of peer comparisons, self-assessments and gap analysis are discussed in realistic, practical terms. The manual is an excellent resource for future...

Real Estate Lending Compliance

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: REC-M Price: $305/$255   DESCRIPTION: A comprehensive manual covering regulations affecting consumer loans. ProBank Austin is pleased to offer the most comprehensive Real Estate Compliance manual we’ve ever prepared. This manual is designed to offer the reader detailed instruction on all the topics that affect consumer mortgages. This manual is a must for those entering the “regulatory compliance world” or those responsible for “pre” closing file preparation or “post” closing file review. This is the most highly regarded manual in the industry. The manual will likely be referred to on countless occasions. TOPICS EMPHASIS ON FAIR LENDING ISSUES Equal Credit Opportunity Act – Regulation B Fair Housing Act Fair Credit Reporting Act/FACT Act Unfair, Deceptive or Abusive Acts or Practices EMPHASIS ON DISCLOSURES The Integrated Mortgage Disclosures under the Truth-in-Lending Act and the Real Estate Settlement Procedures Act Truth-in-Lending Act – Regulation Z (Closed-End Credit) Real Estate Settlement Procedures Act Flood Disaster Protection Act Homeowners Protection Act Homeownership Counseling: Notification Requirements Talent Amendment (Military Lending...

Mortgage Lending – Start to Finish

Manuals | PublicationsTo order, please click here. Or you may click here to download an order form. Item No: MSF-M Price: $105/$90 DESCRIPTION: With the passage of the Dodd Frank Reform Act, the financial industry has and will continue to face many challenges, especially in the area of lending compliance. Many of the changes required new disclosures and imposed standards and restrictions as to the underwriting certain mortgage loans. However, that was only the start. The “second wave” of changes significantly redesigned the “early disclosures” and “final disclosures” required for mortgage loans secured by real estate. Not only have the disclosures changed, the types of mortgage loans covered have expanded greatly in that all construction loans and vacant land (unless an exemption applies) are now covered. This manual will cover existing disclosure requirements for mortgage loans secured by real estate including the Integrated Mortgage Disclosure requirements. The manual will bring together all the requirements necessary to ensure compliance for closed-end, consumer purpose real estate secured loans. This manual specifically focuses on the disclosure process under the various lending related regulations. TOPICS Truth-in-Lending Act/Regulation Z RESPA/Regulation X Fair Credit Reporting Act/FACT Act – Regulation V Equal Credit Opportunity Act/Regulation B Fair Housing Act Flood Disaster Protection Act Homeowners Protection Act Homeownership Counseling Notification Requirements The manual provides attendees with a valuable reference tool that summarizes the requirements of the various laws and regulations relating to consumer purpose, real estate secured loans....
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