$305.00 – $705.00
Date Recorded: November 9, 2021
Presenter: Anetria Cohen, Vice President, FORVIS
A two-hour webinar that pulls together the special rules relating to broker/correspondent/warehouse lending transactions.
Many financial institutions coordinate with other institutions or loan brokers in receiving applications and originating loans. Although there is, to a certain extent, natural flexibility for the parties to determine their relationship, that relationship has important consequences in determining who will responsible for complying with lending requirements and providing various disclosures. This program focuses on the numerous compliance issues involved in brokered loan transactions from both the lender and broker perspective.
Nearly all federal lending laws and regulations, such as the Equal Credit Opportunity Act, Home Mortgage Disclosure Act, Truth-in-Lending Act, and Real Estate Settlement Procedures Act, contain special rules for those acting as brokers – and often put the responsibility for ensuring compliance on the lender. Examiners are increasingly focusing on disclosure and other compliance issues whenever an institution is involved in brokered loan transactions – whether as a broker, lender, or investor.
HERE IS WHAT YOU WILL LEARN:
All personnel involved in brokered loan transactions will benefit from this program. Compliance officers and auditors will benefit from having all compliance issues associated with brokered loans presented in a comprehensive manner.
Program Level: Basic
Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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