Do you know how the term "application"
is defined in all of the lending regulations? Do your lenders
and front-line staff understand the difference between an
application and an inquiry? What steps must be taken when an
application is submitted? What can go wrong?
Join this fast-paced webinar to
understand the application process with step by step
instructions and actual examples that explain the requirements
of several confusing regulations in terms that are easy to
understand.
Covered Topics:
- Learn what specific information will help you to
handle applications correctly.
- What are the top five mistakes made in application
processing?
- Overview of application and timing of disclosures
for consumer, mortgage, and commercial loan
applications.
- When does an application have to be in writing? Does
it have to be signed? What are the signature rules for
applications?
- What are the rules for appraisal copies? Reg B did
NOT exempt commercial purpose loans secured by a 1st
lien on a 1-4 dwelling.
- How do you properly document the “joint intent” to
apply?
- When is an adverse action notice required? What must
it contain? Who receives one?
- When can you pull a credit bureau? What
documentation should be kept?
- Recap of the collection of “demographic information”
for HMDA reportable applications under the 2018 rules.
Who Should Attend?
This interactive session is a cost-effective way to
gain a greater understanding of the rules about accepting and
processing applications. This informative session will benefit
loan officers, loan assistants, loan operations staff,
compliance officers, auditors, and trainers.
Covered topics will be included for consumer,
mortgage, and commercial lenders. BONUS – Reg Z
REQUIRES that loan originators have "periodic
training" to ensure "knowledge of Federal legal requirements
that apply to the individual loan originator's loan
origination activities." This session will satisfy a
significant portion of this 2019 TRAINING REQUIREMENT.
Instructor
Susan Costonis is a compliance consultant and
trainer. She specializes in compliance management along with deposit
and lending regulatory training.
Susan has successfully managed compliance programs and exams for
institutions that ranged from a community bank to large multi-state
bank holding companies. She has been a compliance officer for
institutions supervised by the OCC, FDIC, and Federal Reserve.
Susan has been a Certified Regulatory Compliance Manager since
1998, completed the ABA Graduate Compliance School, and graduated from
the University of Akron and the Graduate Banking School of the
University of Colorado. She regularly presents to financial
institution audiences in several states and “translates” complex
regulations into simple concepts by using humor and real life
examples.
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