The Mortgage Compliance Monitor is a complimentary publication for Bankers Advisory clients and associates.
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Educational Services
Compliance Webinar Program
Bankers Advisory provides compliance training to clients in a confidential webinar that is exclusive for the client’s internal staffmembers. Employees may e-mail questions prior-to or during the training program. Every question is answered in an open conference forum. Listed are a few of our popular webinar programs and sample presentations:
Click on the topics below to view an example of the training program
Course Outlines
Loan Officer Compensation Definitions, Prohibitions, Safe Harbor, and Examples and Explanations
- Who is defined as a Loan Originator and who is not?
- What are the 3 key prohibitions on Loan Originators?
- Examples of permissible forms of compensation
- Definitions of loan terms & conditions explained
- Explanation of the Safe Harbor and exceptions to the prohibitions
- Detailed illustrations of permissible & impermissible scenarios
- Clear & understandable mathematical examples on real life deals
- Commission structures & permissible incentives
- Management compensation
- Broker / creditor fee arrangements
- Who is defined as a Loan Originator and who is not?
- What are the 3 key prohibitions on Loan Originators?
- Examples of permissible forms of compensation
- Definitions of loan terms & conditions explained
- Explanation of the Safe Harbor and exceptions to the prohibitions
- Detailed illustrations of permissible & impermissible scenarios
- Clear & understandable mathematical examples on real life deals
- Commission structures & permissible incentives
- Management compensation
- Broker / creditor fee arrangements
Mortgage Disclosure Improvement Act (MDIA)
- Changes since enactment of MDIA
- Review of definition of Business Day
- Collection of Fees
- Examples of new requirement of how payments will change
- Transaction-specific disclosure examples
- Form & format of disclosure
- Early disclosure timing requirement
- Re-disclosure timing requirement
- Changes since enactment of MDIA
- Review of definition of Business Day
- Collection of Fees
- Examples of new requirement of how payments will change
- Transaction-specific disclosure examples
- Form & format of disclosure
- Early disclosure timing requirement
- Re-disclosure timing requirement
Real Estate Settlement Procedures Act (RESPA) Refresher Course on last year's RESPA major revisions
- Good Faith Estimate timing & disclosure of fees
- Revision of the GFE & changed circumstances
- Origination & interest-rate related charges
- Illustration of pricing scenarios
- Third party services
- HUD1 tolerance thresholds
- Examples of various scenarios of GFE
- Examples of various scenarios of HUD1
- Good Faith Estimate timing & disclosure of fees
- Revision of the GFE & changed circumstances
- Origination & interest-rate related charges
- Illustration of pricing scenarios
- Third party services
- HUD1 tolerance thresholds
- Examples of various scenarios of GFE
- Examples of various scenarios of HUD1
FACTA Red Flags Identity Theft Compliance Requirements for Brokers & Lenders
- Definition of creditors & covered accounts
- Required steps Address Discrepancies under FACTA
- Examples of red flags by Federal Trade Commission
- Examples of detection, response & mitigation
- Role of processors, underwriters & closers
- Program implementation & training
- Data center security & vendor management
- Definition of creditors & covered accounts
- Required steps Address Discrepancies under FACTA
- Examples of red flags by Federal Trade Commission
- Examples of detection, response & mitigation
- Role of processors, underwriters & closers
- Program implementation & training
- Data center security & vendor management
For more information, or to schedule an on-site internal training, please contact: Anna DeSimone, President & Founder 617-489-2008 anna@bankersadvisory.com