Event Calendar

Wednesday, October 26, 2022

Ability to Repay: Qualified Mortgages & TILA/RESPA Disclosures Webinar

Start Date: 10/26/2022 1:00 PM MDT
End Date: 10/26/2022 2:30 PM MDT

Event Website: https://financialedinc.com/ability-to-repay-qualified-mortgages-tila-respa-disclosures

Organization Name: Independent Bankers of Colorado

Maelynn Lewis
Email: mlewis@ibcbanks.org
Phone: (720) 607-7937

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? 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.

  • 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
  • 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
This informative session is designed for real estate lenders, loan officers, underwriters, processors, mortgage loan originators, compliance staff, and auditors.
An In-Depth Look at Regulation Z's Amended Qualified Mortgage (QM) Rule, recording available
Mortgage Lending Compliance Overview, Tuesday, November 15, 2022
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.
Mary-Lou Heighes, Compliance Plus, Inc.
Mary-Lou Heighes is President and founder of Compliance Plus, Inc., which has assisted financial institutions with the development of compliance programs since 2000. She provides compliance training for trade associations and financial institutions. Mary-Lou has been an instructor at regulatory compliance schools, conducts dozens of webinars, and speaks at numerous conferences throughout the country. Involved with financial institutions since 1989, Mary-Lou has over 25 years’ compliance experience. Before starting Compliance Plus in 2000, she spent five years working as a loan officer, marketer, and collector. She also worked at a state trade association for seven years providing compliance assistance and advising on state and federal legislative issues that affect financial institutions.

1. Live Webinar Includes
  • Unlimited connections within your institution to the Live Webinar
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Presenter’s contact info for follow-up
 2. On-Demand Webinar Includes
  • Recording of the Live Webinar
  • Available two business days following Live date
  • Handout and Take-Away Toolkit
  • Available on desktop, mobile & tablet
  • Free Digital Download, yours to keep
  • Share link with anyone at your institution
  • Presenter’s contact info for follow-up
3. Purchase the BOTH Option to receive all the benefits listed above! Full registration descriptions can be found here.

Online Registration

Registration is Closed
Closed: 10/25/2022 3:00 PM

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