2020 ORLANDO, FL Update & Review 2-Day Workshop 2020-2DWKSHP-MCO

October 21 & 22, 2020 This training is designed with you in mind!  ...Learn More
$697.00 each Out of stock

  • Description

We hope you will consider participating in our upcoming 2-Day Workshop.  Please let us know if you have any problem making your room reservations and we will be happy to assist you.

FIC Regulatory Education Alliance

2-Day Update & Review Workshop $697 per registrant
October 21 & 22, 2020

Hilton Garden Inn Orlando - International Drive North

5877 American Way

Orlando, FL 32819

Call the Hotel Directly 407-363-9332 and request the FIC Conferences room block

$169 Standard Room (room block cutoff 9-20-2020)




Day 1
9:00am – 10:30am - Application Interview Process

Are you ready to implement the newly redesigned Uniform Residential Loan Application Fannie Mae 1003/Freddie Mac 65?  Your software provider is probably already sending you updates for the new Application form.  Lenders may begin using the newly revised URLA February 2020.  Does your software accommodate the new form?  We will take you step by step through the application and the application process.  We will demonstrate how to properly request, collect and document the demographic information during the application interview.  If you are not planning to implement the new URLA, do you have to report to collect and report to HMDA?  Is the application you are using adequate & efficient to easily accommodate your HMDA responsibilities?  Maybe we can help!  It is during the application stage that the appropriate government monitoring information be requested for both ECOA/Reg B and HMDA purposes.

10:30am – 10:45am – Break

10:45am – 12noon – Putting the Parts Together for Perfect Processing

Analyzing Credit – Understanding the Credit Report - Collecting supporting documentation – Ordering Out & Preparing a Perfectly Processed Package for Underwriting

12noon – 1:00pm – Luncheon

1:00pm – 2:30pm – Disclosure Requirements

Initial Disclosures are required under several regulations including TRID.  We will take you through the timing, delivery, signatures and retention requirements.  Depending on the type of transaction, additional disclosures may be required for ARM’s etc.

          Home Ownership Counseling

          Your Home Loan Tool Kit

          Affiliated Business Arrangement Disclosure

          Loan Estimate & Written Provider List

          ARM Program Disclosure, if applicable

          Flood Determination & Notice to Borrower

 “Intent to Proceed?” - “Written List of Service Providers?” Estimating Escrows - Revised Loan Estimates - How do you document “changed circumstances” to retain for 3 years? Are you re-disclosing the LE even if you have not exceeded tolerances? Are you allowing waivers of time limitations? Providing applicants with conditional approval requirements before LE? Zero & 10% Tolerance Limits

2:30pm – 2:45pm – Break

2:45pm – 4:00pm – Action Taken - Pre-Application & Application Pre-Application & Application Procedures – Discussions of Actions Taken such as Withdrawns, Incompletes, Counter Offers vs Counseling, Approved but not Accepted, Files Closed for Incompleteness, Denials under HMDA & ECOA – Government Monitoring Information – Application defined by ECOA & HMDA vs TRID

Day 2
9:00am – 10:30am – Still Having TRID issues? Troubleshooting & Solutions – Common Errors

Closing Disclosure Timing & Tolerance rules and limitations - Revised Closing Disclosure When must there be a new 3 day waiting period for corrected CD’s? Seller Closing Disclosure - Which definition of business day you should follow for disclosures? Charging fees… What is allowable & prohibited? Violations, Cures and Restitution

10:30am – 10:45am – Break

10:45am – 12noon –Understanding Finance Charges & APR – Reg Z Smorgasbord - What is and what is not Finance Charge – Review & Confirmation of Construction Loans & Construction/Permanent, Higher Priced Mortgage Loans (HPMLs), High Cost or High Rate Mortgages, Right of Rescission, What is a Refinance & What is a Renewal? Reg Z – Ability to Repay/Qualified Mortgages Home Equity Lending - Closed-End Credit, Escrow Accounts & Exceptions & more!

12noon – 1:00pm – Luncheon

1:00pm – 2:30pm – What's new in Flood Compliance? Guidelines for Property Evaluations & AppraisalsWe will cover the foundations of the Flood Insurance requirements for lenders as well as the amended rules and sample forms provided as a result of the final rules.  Flood Insurance rules with respect to mandatory escrowing of flood insurance premiums, subject to certain exemptions is required. Clarifications have been provided concerning force placed flood insurance whether an escrow account is established or not. Are you accepting Flood Insurance through Private Insurers?  Do you have to?

2:30pm – 2:45pm – Break

2:45pm – 4:00pm – HMDA & Fair Lending Issues 2020 and Beyond!Basic Fundamentals of HMDA will be covered as well as Action Taken Codes to include Withdrawns, Incompletes, Counter Offers vs Counseling, Approved but not Accepted, Files Closed for Incompleteness, Denials under HMDA & ECOA – Government Monitoring Information – Application defined by ECOA & HMDA vs TRID – Update on the latest HMDA requirements.

Who Should Attend?

Anyone involved in Loan Origination, Application, Loan Processing, Closing, Underwriting, Auditing, Quality Control and/or Servicing of Real Estate loans will find this workshop to be a valuable tool and a worthwhile investment. The sessions provide you with confidence by reaffirming your lending procedures. Often times these sessions will not only help those who are new to mortgage lending, it will also fill in the blanks for those in underwriting, loan review and quality control.

Cancellation Policy

If you find it necessary to cancel, there is NO PENALTY FOR CANCELLATION if you cancel before 12noon on the Friday 2 weeks prior to the week of the workshop. Cancellations after this time may be credited to future trainings, webinars, products or services, less a $100 administration fee. If you are ready to build a strong foundation, without wasting your time, we invite you to attend.


Your complete satisfaction with every FIC conference is fully GUARANTEED! If for any reason, you feel you do not receive the educational benefit you need from our trainings, we will guarantee your money back! Our objective is to ensure that you receive a high-quality, effective training experience you need to stay one step ahead of the overwhelming task involved in keeping you abreast of regulatory changes in Real Estate Compliance!Continuing EducationIn efforts to pursue continuing education accreditation of the FIC Real Estate Compliance Conferences, we have found that each entity has it's own criteria to be met. If there is a specific trade organization, State banking association, State Bar or CPA organization, etc. that you would like our assistance in getting continuing education accreditations, please let us know or send us information and instructions. Though in most cases we are unable to absorb the fees of these organizations, we will be happy to assist you in the approval process.