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Ability to Repay Focus of Aug. 1 Webinar
Tuesday, July 23, 2013 5:35 AM

The ability to repay concept is simple – make sure the borrower can pay before you make the mortgage loan. The CFPB’s final pronouncement on this simple concept contained 236,000 words. On Aug. 1, the Cornerstone Credit Union League is offering a webinar you don’t want to miss, “Ability to Repay Part 2 - What Your Lending Staff Needs to Do to Comply: Deadline January 10, 2014.”

Featuring Bill Elliott, this webinar is the second of two presentations on this topic. It will address the management impact of the calculation rules and continue the discussion regarding the decisions management must make in the mortgage loan area. The program will focus on the second test for a “qualified mortgage” – debt to income. While you have been calculating this number for a long time, the CFPB has specific ideas on how it should be done – and they will likely require policy and procedure modifications.

To learn more about the Aug. 1 webinar, please click here.

Webinars are live, interactive, and internet-accessed training programs – ideal for credit union staff who can’t travel to an off-site educational event. Other August webinars include:

 

08/06/13

Home Equity/Second Lien Risk Management

S. Wayne Linder

08/07/13

Assessing E-Banking Services & Delivery Channels: Strategic Deployment & Risk Assessment

Jackie Marshall

08/08/13

Is Your Member Fully Insured by the NCUSIF? Best Practices & Common Mistakes

Mary Lou Heighes

08/13/13

Electronic Compliance: Tools, Policies & Best Practices for Email, Internet, Mobile & Social Media

Nancy Flynn

08/14/13

Understanding & Processing IRA Rollovers & Transfers

Frank J. LaLoggia

08/20/13

Underwriting Basics: Interviewing, Credit Reports, Debt Ratios & Reg B

S. Wayne Linder

08/21/13

Consumer Debt Resolution Series: Modifications, Workouts & Rescue Options: Working with Troubled Members

David Reed

08/22/13

The Effect of NCUA's New Fair Lending Exam Procedures on Underwriting, Servicing & Collections

Susan Costonis

08/27/13

Directors & Financial Literacy Session 1: Understand Your Credit Union's Financial Condition with Key Ratios, Balances & Estimates

Tim Harrington

08/28/13

Protecting the SBA Guarantee Start to Finish

Ethan Smith & Katie O'Brien

For more information on the webinars, please visit  http://www.cornerstoneleague.coop/2013_webinars.html. If you have any questions, please contact Training & Events, at (469) 385-6630 or (800) 442-5762, ext. 6630.