ATR/QM Rules: Documenting Compliance
On-Demand Webinar:
StreamedAug 6, 2024Duration90 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
Do the ATR/QM rules apply to your financial institution?
Are you well versed in making
a
reasonable, good faith determination of a borrower’s ability to repay a
mortgage? This fact-filled webinar is a prime opportunity to learn best
practices, get tips to improve your program, and understand the seven
ability-to-repay options.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Understand the requirements of the qualified mortgage (QM) rules
- Determine which loans are affected by the ATR/QM rules
- Define the QM options and the conditions for each
- Use best practices and tools when determining a borrower’s ability to repay
- Distinguish which lenders qualify as “small creditors” and identify which elements of the QM rules apply to these institutions
WEBINAR DETAILS
The ability-to-repay/qualified
mortgage (ATR/QM) rule requires a reasonable, good
faith determination of a borrower’s ability to repay any residential mortgage loan.
Financial institutions that meet the requirements of either a general QM or
small creditor QM will receive safe harbor under the rules for these loans.
Without this protection your institution could be at risk.
This session will dive
into the details of the QM rules and provide best practices for how to ensure
your policies and procedures accurately reflect what’s required. It will also
review the seven ability-to-repay options and
provide guidance on how to document these factors in the loan file. You will
also be provided with tips to strengthen your overall ATR/QM compliance
program. Don’t miss this jam-packed session!
WHO SHOULD ATTEND?
This informative session would
best suit loan officers, loan operations personnel, compliance officers, and
internal auditors.
TAKE-AWAY TOOLKIT
- Sample policy language
- Sample ATR worksheet
- QM comparison
- 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.
Presented By
Brode Consulting Services, Inc.
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