Carl Pry
Carl Pry is a Certified Regulatory Compliance Manager (CRCM) and Certified Risk Professional (CRP) who is a Senior Director for Treliant Risk Advisors in Washington, DC. Through his working career, as well as through his experience as a banking attorney and officer, he has provided a variety of regulatory compliance and financial performance services to financial institutions and other clients throughout the country. He has written extensively regarding consumer and commercial compliance, tax, audit, and financial institution legal issues, and is a frequent contributor to and currently serves on the Editorial Advisory Board for the ABA Bank Compliance magazine. He has spoken at dozens of banking, compliance, and state bar associations, and has conducted training sessions for financial institutions across the country.
Tuesday, February 23rd, 2010
10:00 am
-
12:00 pm CT
Now that we'll be about 2 months into the major RESPA changes and a few more months into the Reg. Z changes such as the MDIA early disclosure rules and HPML rules, how are you doing? What problems have you encountered in your operations and compliance efforts? We're not done yet, either - stage 2 of the Credit CARD Act rules are set to take effect February 22nd, and both the closed- and open-ended mortgage rules under Reg. Z are set to change soon, as well.
This session will serve as a review of the major trouble points encountered by mortgage lenders, as well as an update on things heard from mortgage lenders and regulators alike. We'll talk about the common mistakes and misconceptions, what examiners will be looking for, and get you ready for your next mortgage lending exam.
Covered Topics Include:
In-depth discussion of the new RESPA rules, including completing the new GFE and HUD-1: what goes where? Providing a new GFE and/or Early TIL in changing situations Dealing with RESPA's new tolerances and the infamous "list" Early TIL requirements under MDIA and Reg. Z: when to give what, and how to combine this with the GFE disclosure Dealing with Higher Priced Mortgage Loans (HPMLs) - underwriting and pricing issues, including should you make these loans in the first place? Coming changes under the Credit CARD Act - changes that don't impact just credit cards; be careful not to miss any of the new requirements for your non-credit card products And more
Who Should Attend?
Anyone involved in consumer mortgage loan (as well as other real estate-secured loan) operations, underwriting, servicing, and compliance will benefit from this session, including compliance officers, underwriters, senior management, bank counsel, and operations, among others.
