Lending Track
With mortgage loan origination, timing is everything! Do you know how long the window is open to fulfill your compliance obligations? Are you certain you know what the compliance requirements are? A sequentially dated mortgage loan file is a must-know for all mortgage lenders and processors, especially in preparation for the next examination or compliance review. Clear the confusing cobwebs with this insightful webinar.
After This Session You’ll Be Able To:
• Distinguish between a preapproval and an application
• Ensure electronic delivery of written notices satisfies the E-SIGN Act requirements
• Explain when to use business days versus calendar days to meet compliance requirements
• Identify triggering events that determine when compliance notices are required
• Recognize the importance of documenting valid change in circumstances
• Understand critical regulatory compliance timing requirements, including delivery of the Loan Estimate right-of-rescission notice