Lending is an area of ever-growing compliance risk. With all the recent regulatory changes affecting the lending landscape, it’s imperative to ensure your loan practices are compliant. Lending is subject to numerous complex compliance requirements, each presenting opportunity for error; which, if uncorrected, can mean hefty penalties for financial institutions. Conducting a comprehensive audit of your loan files is one of the most effective ways to mitigate this risk.
The goal of auditing is to discover errors and initiate corrective action prior to examinations. This webinar will identify what examiners are looking for and provide a step-by-step audit program for consumer, commercial, and real estate loans.
- How to pull your sample size for the audit (statistically and intuitively)
- How to make your audit more risk-based, as required by examiners
- A close look at the compliance regulations affecting real estate, consumer, and commercial loan files, including fair lending issues
- Audit reporting procedures for the board and audit committee
- Regulatory compliance matrix
- Sample board/audit committee report
- Employee training log
- Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for internal audit staff. Compliance Officers, lenders, loan administration, and processing will also benefit from this session.
PLEASE NOTE: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.
ABOUT THE PRESENTER – Michael Brode, Brode Consulting Services, Inc.
Michael Brode is a consultant with Brode Consulting Services, Inc., a premier provider of regulatory compliance consulting services for financial institutions. In addition to compliance consulting, Michael serves as the company’s CFO and is responsible for managing the firm’s IT. He received his Bachelor’s in Finance and Accounting from Mount Union College. His consulting experience includes depository compliance, lending compliance, HMDA, BSA audits, and fair lending.
Originally recorded on July 10, 2018.
Recorded webinar link is available until January 31, 2018.
Free Digital Copy included with purchase to download and view beyond link expiration date.
Price includes sales tax.