Auditing Consumer Real Estate Files
On-Demand Webinar:
StreamedOct 16, 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 you have an effective audit process for consumer real estate files?
The goal of auditing loan files
is to identify errors and initiate corrective action before examiners arrive.
There are so many regulatory requirements like TILA, FDPA, ECOA, BSA, and FCRA.
This webinar will explain how to maintain compliance, how to determine your
sample size, and how to review an application for completeness. Join us to
learn how to avoid mistakes when preparing consumer real estate loan
documentation.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Review a consumer real estate application for completeness
- Explain when and if a credit report should ever be reused
- Distinguish whether a loan requires government monitoring information (GMI) to be collected
- Document compliance with BSA, OFAC, and identity theft requirements
- Verify timing and accuracy of disclosures required by ECOA, FDPA, and TILA
- Use provided checklists to verify loan file documentation
- Identify the key regulatory items to watch for when auditing loan files
WEBINAR DETAILS
A consumer real estate loan is governed by what can
seem like an overwhelming number of regulatory
requirements. TILA, FDPA, ECOA, BSA, and FCRA all require documentary
evidence showing that your institution has complied with the applicable
regulatory elements. This session will detail how to pull your sample size for the audit (statistically and
intuitively) and explain exactly what to look for. It will review the file
documents needed and the important information to verify on each.
WHO SHOULD ATTEND?
This informative session
is designed for mortgage loan officers, loan processors, compliance officers,
and internal auditors.
TAKE-AWAY TOOLKIT
- Audit checklists
- Consumer real estate loan documentation checklist
- Loan compliance matrix
- 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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