- Description
Become a Member of the FIC Alliance Academy - Choose Options One, Two or Three!
OPTION ONE - BOOT CAMP 360 - 1-Year - $2397
- "INSTANT ACCESS" to the Boot Camp 360 Alliance Academy - 24 Training Modules
(If you are interested in Texas Home Equity Lending - this training will be included)
- GENERAL ADMISSION to all 25 Live Interactive Scheduled Webcasts plus unlimited connections to the live webinars throughout the year
- "ON LINE" FIC Real Estate Compliance Manual ($200 Value)
- BONUS! First Registration FREE to FIC 3-Day Workshop ($997 value)
OPTION TWO - FLIGHT TRAINING - $497/mo
(Pay by the Month or Save $1000 and pay Annual Membership $4970)
INCLUDES OPTION ONE - BOOT CAMP 360 PLUS:
- Private Set Up Call/Interview with up to 5 Training Participants
- 2 Private Sessions per Month = 24 per year (over $9500 value)
- Complimentary Access to any additional webcasts we offer throughout the year
- Progress Report to Management at least every 60 Days
- Texas Home Equity Guide - State & Federal ($247 Value)
Quick Reference Guides
- 2 Little Red Books ($79 value)
- 2 ECOA/HMDA Guides ($79 value)
- 2 Texas Home Equity Little Red Book (optional) ($79 value)
- 2 BSA/AML - SAFE - SCRA - MLA Quick Reference Guides (optional) ($79 value)
BONUS! First Registration FREE to FIC 3-Day Workshop ($997 value)
OPTION THREE - SURVIVAL SCHOOL - $797/mo
(Pay by the Month or Save $1000 and pay Annual Membership $8564)
INCLUDES OPTION ONE - BOOT CAMP 360 PLUS:
- Private Set Up Call/Interview with ALL Training Participants
- 4 Private Sessions per Month = 48 per year (over $19,000 value)
- Complimentary Access to any additional webcasts we offer throughout the year
- Progress Report to Management at least every 60 Days
- Texas Home Equity Guide - State & Federal ($247 Value)
Quick Reference Guides
- 5 Little Red Books ($150 value)
- 5 ECOA/HMDA Guides ($150 value)
- 5 Texas Home Equity Little Red Book (optional) ($150 value)
- 5 BSA/AML - SAFE - SCRA - MLA Quick Reference Guides (optional) ($150 value)
BONUS! FREE Registrations (up to 5) FIC 3-Day Workshop ($997 value per reg)
“Boot Camp 360” – Series of 25 Live & Interactive Webinars - then Recorded & Archived
Live Webinars are scheduled for 10:00 AM Central Time
Webcasts will be recorded, archived and posted to our website after each session occurs.
Here is the new schedule for the Boot Camp 360 live webinars!
2023 - Live Webcasts
Webcast 1 - Basic Training 101
Definitions & Terms
Getting to Know the Process – Origination to Closing
CFPB Tools & Resources
Webcast 2 - Application Process
Interview & Overview
Collection of Demographic Information
Forms & Procedures – Re-Designed URLA Fannie Mae 1003
Webcast 3 – Checking for all the Parts!
Check the Sales Contract
Gather & Update Paperwork
Loan Options & Qualification Requirements
Webcast 4 - Evaluating Borrower Credit
Credit Report Review Checklist - CFPB
Identify & Investigate – Assets & Liabilities
Explanations of Credit Guidelines
Webcast 5 - Action Taken
Pre-Application & Application Stages
Discussions of Actions Taken:
Withdrawn or Incomplete
Counteroffers vs Counseling
Approved but not Accepted
Files Closed for Incompleteness
Denials for HMDA & ECOA
Government Monitoring/Demographic Information
Application defined by ECOA & HMDA vs TRID
Webcast 10 - HMDA Collection, Recording & Reporting
Who must comply with HMDA collection and reporting?
Do you provide Preapprovals or Prequals?
What loans must be reported?
Understanding the codes for the “Action Taken”
Using the Rate Spread Calculator
Webcast 6 - Initial Disclosures
Homeownership Counseling List & Information
“Your Home Loan Tool Kit”
Optional Written Estimates Provided Prior to Loan Estimate
ARM Program Disclosure & “CHARM” Booklet
Affiliated Business Arrangement Disclosure
Webcast 7 - TRID – Loan Estimate Timing & Restrictions
Timing & Tolerance Rules & Limitations
Business Day Definitions
“Intent to Proceed”
Written List of Providers
Changed Circumstances Documentation & Retention
Allowing Waivers of Time Limitations
Actual Delivery vs Assumed Delivery
Re-disclosing even if you have not exceeded tolerances
Webcast 8 - Line by Line Loan Estimate
Completing the Loan Estimate - Examples
Including Common Errors Found
Troubleshooting & Solutions
Webcast 9 – Ordering Out/Preparing for Underwriting
Check & Re-Check for all your puzzle pieces
Importance of Loan Notes & Explanations
Evaluate & Analyze Documentation
Webcast 11 – Avoiding Fair Lending Violations
Rules & Regulations
Anti-Discrimination Guidelines
Disparate Treatment & Disparate Impact
Webcast 12 – Section 8 Restrictions & Prohibitions
Referral Relationships/Kickbacks & Unearned Fees/Affiliated Business
Overview & discussion of Section 8 of RESPA which prohibits referral fees. It is one of the most critical sections of RESPA and many lenders involved in referral and/or broker relationships need to have better safeguards in the structure of providing goods, facilities or services in return for a fee.
Webcast 13 – Ability to Repay & Qualified Mortgages
Eight Minimum Standards of the Ability to Repay
General Qualified Mortgages
Temporary QM’s
Small Creditor QM’s
Webcast 14 - Regulation Z - Identifying Finance Charges & APR Calculations
We’ll take a deep dive into Regulation Z – Identifying Finance Charges, Checking the Amount Financed and Calculating APR
Webcast 15 - HPMLs & High Cost Loans
Identifying Higher Priced Mortgage Loans and High Cost Loans
Using the Rate Spread Calculator
Meeting the requirements for Escrows and/or Appraisals
or allowing for exemptions
Webcast 16 – Understanding Basic Underwriting
Tools & Guidelines
Fundamental Analysis & Conditioning
Webcast 17 – Flood Foundations, Determinations & Disclosures
We will test to make sure applicable guidelines are being met for flood determinations and insurance requirements. In 2016 there were new Flood Insurance rules with respect to mandatory escrowing of flood insurance premiums, subject to certain exemptions. Clarifications have been provided concerning forced place flood insurance whether an escrow account is established or not. We 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.
Webcast 18 – Appraisal & Valuation Compliance
Appraisal Independence
Disclosure Responsibilities
How to read an Appraisal
Webcast 19 – Escrow Accounting Rules
The Aggregate Escrow Accounting rules mandated by RESPA effectively cover all Residential Real Estate Loans that have Escrow or Impound Accounts
Webcast 20 – Understanding Title
What is a Title Insurance Policy, the title report, title search, and title opinion? How do you recognize what title requirements must be satisfied in order to close? Preparing for closing and reviewing for items which must be cleared from the title.
Webcast 21 - Preparing for Closing & Final Disclosures
Preparing Loan Closing Instructions
Initial Escrow Account Statement (if applicable)
PMI Notice of Borrower Rights (if applicable)
HOEPA “High Cost Mortgage Disclosure” (if applicable)
Right of Rescission (if applicable)
Note or Promissory Note
Mortgage/Security Instrument
Webcast 22 - Closing Disclosure including Comparisons & Tolerance Cures
Line by Line Closing Disclosure
Comparisons of LE & CD
Re-Disclosure Rules & Restrictions
Most Common Errors
New 3 day waiting period for corrected CD’s
Allowing Waivers of Time Limitations
Violations, Cures and Restitution
Seller Closing Disclosure
Webcast 23 - Right of Rescission
Basic foundations of the Right to Cancel
Coverage & Exemptions
Sometimes we are not sure if the Right of Rescission applies
and sometimes we are not sure to whom it may apply
Disclosure Requirements, Timing & Violations
Webcast 24 – QC for Regulatory Compliance & Advertising
Prevention Squad or Clean Up Crew?
Checking APR’s, Financing Charges, etc.
Advertising/Marketing Compliance
Compliance has become a totally integrated part of the Residential Real Estate Lending Process, like the music and the lyrics of a song!
Our skilled and accomplished team leader, has meticulously crafted this comprehensive streamlined training. Never before have we seen Underwriting Guidelines incorporated into Federal Regulations! Regulation Z has big teeth and can reach far into our pockets! The civil money penalties will be steep and the violations will be many!
Are you and your staff ready? Let’s be honest, it’s hard enough to do your own job without having to worry about training someone else. We’ve got your back!
Our comprehensive training has been designed to fit the needs of everyone involved in Real Estate Lending. Those who are brand new to Compliance or residential home loans whether it be Home Equity, Purchase Money or Refinance Transactions, will find these webinars the most beneficial. Often times these sessions help to fill in the blanks for those in underwriting, loan review and quality control. Anyone involved in Loan Origination, the Application, Loan Processing, Closing, Underwriting, Auditing, Quality Control and/or Servicing of Real Estate loans will find this training to be a valuable tool and a worthwhile investment.
Cancellation Policy
If you find it necessary to cancel, there is NO PENALTY FOR CANCELLATION; however, a credit will be held in the amount of $150 for each month remaining of your annual subscription which may be used for any future trainings, products or services. Bonus benefits and discounts will not be credited in the case of cancellation.
Guarantee
Your complete satisfaction with every FIC product or service is fully GUARANTEED! If for any reason, you feel you do not receive the educational benefit you need from our training, 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 Education
In efforts to pursue continuing education accreditation of the FIC Real Estate Compliance Conferences, we have found that each entity has its’ 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.
Full Fusion