Mortgage Loans: The Closing Disclosures – ON-DEMAND WEBINARS

$305.00$705.00

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SKU: SWMLC Category:
Overview

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
Who Should Listen

This informative webinar is designed for those that are involved with mortgages at the end of the application process, including loan officers, loan processers, compliance officers, and audit. This informative webinar is designed for those that are involved with the lending operation of the institution.

Program Level: Basic

Prerequisite/Advanced Preparation: Basic Knowledge of Lending Regulations

Field of Study: Specialized Knowledge

Copyright Disclaimer

Any recording, transmission, retransmission, or republishing of any portion of this webinar is prohibited.