$305.00 – $705.00
Recorded Date: July 25, 2022
Presenter: Anetria Cohen, Vice President and Senior Consultant, ProBank Austin
A two-hour webinar discussing what higher-priced and high cost mortgage loans are and their requirements.
Mortgage loans are subject to numerous Federal lending requirements, especially during the application process. In addition to all of the various disclosures, the institution must check to see if the loan is a higher-priced mortgage loan (under 12 CFR 1026.35, a “Section 35” loan) and a high cost mortgage loan (under 12 CFR 1026.32 and .34, a “Section 32” loan). If a transaction meets either or both of these definitions, then the institution will have to comply with additional requirements.
This webinar will detail the definitions, exemptions, and requirements of these two rules. We will discuss the thresholds (e.g., APR/APOR, points and fees) and common mistakes that people make in determining whether the thresholds are met.
HERE IS WHAT YOU WILL LEARN:
In this webinar, you will learn the following, among other topics:
Higher-Priced Mortgage Loan:
High Cost Mortgage Loan:
This informative session is necessary for all compliance officers, auditors, loan officers, and loan processors responsible for a mortgage loan application.
Prerequisite: Basic Knowledge of Lending Regulations
Advanced Preparation: None
Field of Study: Specialized Knowledge
Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.
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