Start Date: 11/12/2019 1:00 PM MST
End Date: 5/12/2020 2:30 PM MDT
Independent Bankers of Colorado
Mortgage Lending Hot Spots Series: Critical Timing Requirements in the Mortgage Lending Lifecycle
1:00 pm – 2:30 pm MT
Compiling a compliant loan file can be confusing, partially because timing is a critical component of the mortgage loan lifecycle. Have you second guessed whether the document’s delivery date was based on business days or calendar days? Does Saturday count? What about Sunday? In some cases, documents can only be provided so far in advance of a triggering event, while different disclosures must be provided within a specific timeframe after an event.
Join us to learn the trigger points that start the clock ticking for mortgage loan compliance and how long the window is to fulfill compliance obligations. Learn the numerous timing requirements that go beyond those required by TRID. Understanding a sequentially dated loan file will better prepare you to create mortgage loan files for the next examiner or compliance review. This webinar will dig into the loan compliance timing constraints related to the delivery, receipt, and retention of mortgage loan documents.
- When to use business days versus calendar days in determining loan compliance
- Triggering events that determine when notices are required
- Tips on how to document date compliance within the mortgage loan file
- Analyze which time periods are required by regulation versus a best practice
- Importance of a sequentially dated mortgage loan file
- TAKE-AWAY TOOLKIT
- Chart to aid in timely delivery of compliance notices
- Case study showing the importance of sequentially dated actions
- Sample flow chart for documenting disclosure delivery within acceptable compliance timeframes
- Employee training log
- Interactive quiz
WHO SHOULD ATTEND?
This informative session will benefit mortgage lenders and processors and staff responsible for auditing and reviewing loan files, including compliance officers and internal auditors.
Attendance verification for CE credits upon request.
DON'T MISS THESE RELATED WEBINARS!
Mortgage Lending Hot Spots Series: Construction-Only & Construction-to-Permanent Lending
Thursday, June 6, 2019
Mortgage Lending Hot Spots Series: Surviving a TRID Compliance Exam
Wednesday, July 10, 2019
Mortgage Lending Hot Spots Series: Adverse Action in Mortgage Lending: Compliance, Notices & Best Practices
Thursday, August 8, 2019
Mortgage Lending Hot Spots Series: Appraisal & Evaluation Guidance on Collateral Valuation
Wednesday, September 11, 2019
Mortgage Lending Hot Spots Series: Demystifying Rules for TRID Tolerances
Monday, October 7, 2019
NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.
MEET THE PRESENTERS
Brode Consulting Services, Inc.
Molly Stull began her career as a teller while working on her undergraduate degree and has continued working in the financial industry ever since. She has experienced the growth of a hometown bank, acquisitions of branches, mergers, charter changes, name changes, etc. Molly has activated business resumption plans, performed secondary market quality control reviews, processed wires, filed SARs, and coordinated reviews with external auditors and examiners. Her favorite role has always been educating staff and strongly believes that if staff understands the reason for a process they will be more compelled to follow the procedures. Molly holds a Bachelor’s from the University of Akron and an MBA from Ashland University.