This is for Part 2 only. For series pricing, CLICK HERE.
There are numerous compliance requirements when originating a consumer-purpose mortgage loan. Most people think about the TRID requirements (TILA-RESPA Integrated Disclosures), but there are many more. From ability-to-repay and Qualified Mortgage (QM) rules, flood insurance and appraisal requirements, to fair lending, there is much to think about. As well, the loan may be HMDA-reportable. And with the many recent changes in the QM, HMDA, and appraisal rules, things can get tricky. As well, the pandemic resulted in additional considerations. We’ll pay particular attention to these changes so you don’t miss a beat.
How can you keep all the requirements straight in your head so you can be sure to not miss anything? In Part 2 of this 2-part webinar, we'll discuss all the relevant requirements and considerations in the origination process.