Mortgage Loans: The Early Disclosures – ON-DEMAND WEBINARS

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SKU: SWMLE Category:
Overview

Recorded: June 3, 2020

Presented by: Anetria Cohen, Vice President and Senior Consultant, FORVIS

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

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?

This webinar will provide an overview of the Federal lending compliance disclosures that are or may be required with mortgage loans, in terms of timing (at application, three-business days, and other disclosures that are provided soon after application) and what the disclosures are telling the consumers.

HERE IS WHAT YOU WILL LEARN:

The timing and significance of:

  • Definition of Application
  • At application Disclosures and Requirements
    • GMI; ARM; Bank Sales of Insurance; Privacy
  • Three-Business Day Disclosures
    • Loan Estimate, Written Provider List, Settlement Cost Booklet
    • Homeownership Counseling List, Affiliated Business Arrangement
  • Other Disclosures that May Be Provided Soon After Application
    • FCRA Disclosures
    • ECOA Notification
    • Flood Notice
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.