Real Estate Series: Adverse Action in Mortgage Lending: Are You in Compliance?

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Fair lending and Regulation B requirements for adverse action notification in mortgage lending can be very confusing. This webinar will cover the proper, timely handling of denial notices and address problem areas – and how to avoid them! Inconsistent, inaccurate notices could cause your institution to be required to go back six months, review past notices, and resend accurate denial notices. (Imagine the reaction of a past, unsuccessful borrower who receives a reminder denial notice!) Also, examiners are turning up the heat on adverse action notices, so your staff must know the ins and outs of the compliance requirements. Join us for this important session to learn how to navigate the denied mortgage loan requirements.

HIGHLIGHTS

  • Inquiry versus application – when does an inquiry become an application?
  • FACT Act requirements for denial notices
  • What are the requirements for incomplete or withdrawn applications?
  • Handling counteroffers
  • Common errors in completing adverse action notices
  • Second reviews of adverse action notices for fair lending purposes
  • Comparative file review for fair lending on denials

ABOUT THE PRESENTER – Ann Brode-Harner, Brode Consulting Services, Inc.

Ann Brode-Harner began her career in 1973 and has continued her service as a consultant to regional and community financial institutions through a wide range of areas including strategic planning, lending, deposits, marketing, training, compliance, and management.  Ann is a well-respected presenter and has spoken to audiences across the country for over 25 years.  She has presented sessions for numerous state associations and has taught at the School of Banking Administration at the University of Wisconsin as well as many other state banking schools.  Ann is the author of The Bank Deposit Documentation Manual for Front-Line Personnel published by Bankers Publishing Company, and is well represented in numerous industry publications.

Originally recorded on June 20, 2017.

Recorded webinar link is available until December 31, 2017.

Free Digital Copy included with purchase to download and view beyond link expiration date.

 

 

Price includes sales tax.