Ability to Repay: Qualified Mortgages & TILA RESPA Disclosures

Compliance Lending

On-Demand Webinar:

StreamedOct 27, 2022Duration90 minutes

Unlimited & shareable access starting two business days after live stream
Available on desktop, mobile & tablet devices 24/7
Take-away toolkit
Ability to download webinar video
Presenter's contact info for questions

See Registration Options

Mortgage lending can be described as detail-driven, document-dependent, and compliance-critical.

Knowledge is power – especially when there are changes. Is your program up to snuff?

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

Outline the eight factors to consider when determining a borrower’s ability to repay
List the types of documentation used to verify income and assets
Define a change of circumstance that allows increased closing costs
Explain the difference between Lender Credit placement on the Loan Estimate and the Closing Disclosure
Distinguish between ability to repay requirements and qualified mortgage requirements
Describe the characteristics of a “seasoned” qualified mortgage

WEBINAR DETAILS

Mortgage lending has some of the most intense regulatory requirements of any financial product or service. It is critical for mortgage lenders to keep up with changes to the process. Recent changes include the addition of the “seasoned” qualified mortgage and the replacement of the static 43% DTI threshold for a qualified mortgage with a slightly more complex, but more consumer-friendly, maximum rate requirement. This webinar will explore the protections provided to lenders when a qualified mortgage is made, when loan costs can and cannot increase, and whether a revised Loan Estimate is allowed or required.

WHO SHOULD ATTEND?

This informative session is designed for real estate lenders, loan officers, underwriters, processors, mortgage loan originators, compliance staff, and auditors.

TAKE-AWAY TOOLKIT

Ability to repay and qualified mortgages quick reference
Change of circumstance chart
Internet resource list
Employee training log
Interactive quiz
PDF of slides and speaker’s contact info for follow-up questions
Attendance certificate provided to self-report CE credits

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.