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New Updates Regarding Mortgage Lending & Compliance to Be Covered During Seminars
Thursday, December 18, 2014 6:45 AM

The New Year brings updates to the RESPA/TIL integrated disclosures. Anyone offering home equity lending or long-term mortgages will be required to comply. The two-day Residential Real Estate Compliance and Mortgage Lending Seminar, the first of which will be held in Little Rock on February 24-25, is beneficial for those involved in any part of the home loan process at a credit union.

Kimberly Lundquist, experienced real estate lending trainer, will present on this as well as the home owners’ ability to repay, qualified mortgages, Appendix Q, and escrows and appraisals.

Day one covers the basics of mortgage loans, such as closing applications, process checklists, homeownership counseling, APR, finance charges, and both GFE and TIL preliminary disclosures. The Loan Estimate Overview will be effective August 1, 2015.

Day two, Kimberly will discuss appraisals, evaluation procedures, and flood requirements. She will also cover the closing disclosure, as well as LE & CD regarding RESPA/TILA, that are both effective August 1, 2015. Tolerances, finance charges, violations, the right of rescission, extensions, and renewals, refinancing, and detailed clarifications on integrated disclosures will be presented.

Attendees are encouraged to attend both days of training as this will allow for the best experience. To register or to find more details on other locations and dates, please visit