Real Estate Loan Compliance Certification
12-16 to 12-20-2024 2:00 PM EST.
5 Sessions. 60 minutes each. Monday-Friday.
Real estate transactions are complex. Regulatory requirements require lenders to follow a strict lending process. It involves a variety of loan products, disclosures, borrower notifications, and documentation at every stage. The loan officers and loan processing staff are the traffic cops. They must make sure all regulations and processing requirements are followed. A solid understanding of the lending process and related regulatory requirements is required for this. Additionally, the loan officer and others involved in the loan application, processing, and closing processes must protect the lender's interests. Loan officers must determine that a borrower qualifies for the loan and that the collateral is adequate. Loans must also be originated correctly so that they can be sold on the secondary market if an institution decides to do so. There is a lot to consider when putting everything together. During this session, Michael Christians, an experienced compliance professional, will explain what is required at each stage. This includes documents, notifications, and federal regulations. By earning your Real Estate Loan Compliance Certification, you will be able to assist your borrowers more effectively and demonstrate your expertise in real estate lending. In addition, it will help you advance in your banking career while reducing lending risk for your institution.
What You’ll Learn
During this important webinar, our expert speaker will discuss:
- The different stages of the real estate loan cycle from application to closing
- Federal laws and regulations that apply at each stage
- Required documentation and notification at each step along the way
- Types of first and second mortgages including variable rate, HELOCs, and interest-only products
- Practical loan officer and loan processing business considerations
- Protecting the interests of the lending institution
- Originating and packaging loans for the secondary market
- Learn how to comply with laws and regulations for real estate loans
- Help borrowers complete transactions successfully
- Demonstrate your knowledge
- Advance your career
Webinar 1: The Lifecycle of a Mortgage Loan: Part One
- SAFE Act
- E-Sign Act
- Collection of monitoring information
- Loan originator qualification requirements
- Loan originator compensation rules
- RESPA Section 8
- Loan estimate
- Written list of service providers
- Homeownership counseling notice
- Mortgage toolkit
- HELOC application disclosures
- Adjustable-rate mortgage application disclosures
- Ability to repay
- Qualified mortgages
- High-cost mortgages
- Higher-priced mortgage loans
- Appraisals
- Flood insurance
- Closing Disclosure
- Notice of Right to Cancel
- Regulation Z’s servicing requirements
- Regulation X’s servicing requirements
- Fair lending goals and expectations
- Equal Credit Opportunity Act
- Fair Housing Act
- Home Mortgage Disclosure Act
Couldn't load pickup availability
Recommended Audience
Who Should Attend?
- Principal of Michael Christians Consulting, LLC
- Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
- Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
- More than two decades of experience in the financial services industry
- JD from Drake University Law School
- Member of the Iowa State Bar