CFT
Webinars are purely educational. Instructors are not permitted to sell any
products or services during the presentation.
Program
Content:
WHAT?
Since
December 29, 1987 banks have been required to develop and deliver
Adjustable Rate Mortgage (ARM) program disclosures for each different ARM
program offered. The disclosures must be updated at least annually. Notices
must be sent in response to rate changes. Many financial institutions have
automated the ARM disclosure process, but violations still occur.
While
many financial institutions have offered ARM products for decades, others
only recently migrated from balloon mortgages to ARM products. Whether new
to the ARM game or an old veteran this review of common problems with ARM
loans will help keep you in compliance.
The
Federal Reserve Board has indicated that rates may trend upward over the
next several years. Many bankers have never managed an ARM portfolio or
originated ARM loans in a rising rate environment. The program provides
guidance on operating in such an environment.
WHY?
This
two-hour program explains how to avoid problems when developing,
maintaining and auditing ARM disclosures. The program explains the rules,
reviews typical problems that occur, and provides steps to assure ongoing
compliance.
Participants
receive a detailed manual that serves as a handbook long after the program
is completed.
Covered
Topics:
Upon
completion of this program participants understand common problems that
plague ARM loans including:
- Failure to identify a transaction as an ARM loan;
- Failure to deliver disclosures:
- Within the required timeframes; and
- With the required content;
- Failure to periodically updating the disclosures;
and
- Failure to provide proper and timely rate
adjustment disclosures.
Who
Should Attend?:
The
program is designed for all mortgage lenders, compliance officers, auditors
and others with responsibilities for assuring compliance with applicable
laws and regulations in the mortgage loan department. Please forward email to appropriate
person(s).
Instructor:
Jack
Holzknecht is the CEO of
Compliance Resource, LLC. He has been delivering the word on lending compliance
for 43 years. In 38 years as a trainer over 145,000 bankers (and many
examiners) have participated in Jack’s live seminars and webinars. Jack’s
career began in 1976 as a federal bank examiner. He later headed the
product and education divisions of a regional consulting company. There he
developed loan and deposit form systems and software. He also developed and
presented training programs to bankers in 43 states. Jack has been an
instructor at compliance schools presented by a number of state bankers
associations. As a contractor he developed and delivered compliance
training for the FDIC for ten years. He is a Certified Regulatory
Compliance Manager and a member of the National Speakers Association.
What
Is A Webinar?:
A
webinar combines the clarity of an audio teleconference with the
interactivity and visual presentation of the internet. All you need to
participate is a telephone and an internet connection. Even if you don't
have an internet connection, you can still participate in the audio session.
Listening to the program over the telephone and following the written
materials is an effective alternative!
Unable
To Attend?:
No
problem. You can purchase a recording of the webinar for future use. You
can choose from either an On-Demand Web Link (Good for 6 months from the
webinar date, unlimited use) or a CD-ROM (includes a paper copy of the
PowerPoint slides).
Viewing
Options (all options include applicable handouts):
All
options include applicable handouts. You can choose to pay by credit card
or be billed. Additional Live Webinar connections are $75 each.
Option 1: Live
Webinar and 7 Days OnDemand Video Playback - $265
Option 2:
OnDemand Video (six months access) - $295
Option 3: Live
and 6 Months of OnDemand Video - $365
Option 4: CD-ROM
Video (Includes OnDemand Video) - $345
Option 5: Entire
Package (all of the above) - $395
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