Mortgage Loans: The Closing Disclosures – ON-DEMAND WEBINARS

Recorded: January 20, 2022
Presented by: Ms Anetria Cohen, Vice President and Senior Consultant, FORVIS

A two-hour webinar that reviews the disclosures that are provided at the end of the application process.

OVERVIEW

Financial institutions are required to provide numerous disclosures throughout the application process – some disclosures are early, some are later. Which disclosures are required and when are they required? What do the disclosures mean?

The Mortgage Loans: The Closing Disclosures webinar will provide an overview of the Federal lending compliance disclosures that are or may be required with mortgage loans, in terms of timing (4- or 3-business days before closing and at closing), and what the disclosures are telling the consumers.

HERE IS WHAT YOU WILL LEARN:

The timing and significance of:

• 4-business days before closing – the Revised LE
• 3-business day before closing disclosures and other information
  • Closing Disclosure / Corrected CD (in certain circumstances)
  • Appraisal
  • High Cost Notice
• Before closing – Evidence of flood insurance
• At Closing
  • Corrected CD
  • Initial escrow statement
  • Right of rescission
  • Sale of Insurance
  • PMI
• Red flags