Description
RELEASE DATE: JANUARY 23, 2023
DURATION: 85 Minutes
Once the mortgage loan is booked, the credit union can just sit back and take the payments…. NOT! There are many laws and regulations that affect the servicing of mortgage loans. This webinar focuses on the general servicing requirements of the laws and regulations applicable to all servicers. Topics covered include application of payments, statement requirements for HELOCs and closed end loans (large servicers), changes to HELOCs, adverse action notifications, flood and escrow requirements, information requests and error resolution requirements, notices of transfer of servicing or sale of the loan, force-placing insurance and more. The regulations that will be covered include Flood Insurance, Real Estate Settlement Procedures, Truth in Lending Regulation B.
Who should attend: anyone involved in the servicing of mortgages or HELOCs; compliance, audit, and anyone looking to move into one of those positions.
MEET THE PRESENTER
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has been helping financial institutions with the development of compliance programs since 2000. She provides compliance training all over the country for various trade associations and financial institutions, and also speaks at numerous financial institution conferences throughout the country. Mary-Lou has been an instructor at regulatory compliance schools and conducts dozens of webinars for organizations throughout the country.