Mortgage Regulation and Compliance

This class is approved for continuing education in FL, OH and TX.  

Mortgage Regulation and Compliance is a 1/2 day seminar designed to acquaint students with federal and state mortgage regulations and the compliance issues mortgage professionals deal with each day.   

• Equal Credit Opportunity Act (Regulation B)
• Fair Credit Reporting Act - Fair and Accurate Credit Transactions Act
• Real Estate Settlement Procedures Act (Regulation X)
• Truth-in-Lending Act (Regulation Z) 
• Flood Disaster Prevention Act  
• Patriot Act 
• Documents required to be given to the applicant at loan origination - Documents required to be delivered to the applicant - Completing the loan application <
• Documentation Types -Full Documentation - Stated Income NIV / NAV or SISA NID / NED or No Ratio NED / NID / NAD or No Doc
• The MLDS, GFE, and TIL - Determining Fees - Allowable Fees - Explaining the GFE / MLDS - Explaining the TIL 
• Quality Control Procedures
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• Fraud - Sample Employee Quality Control Checklist 
• Federal Regulations Regarding Advertising 
• Federal Privacy Law Title V of the Gramm-Leach-Bliley Act 
• Privacy Policy Notice 
  
 

Reference Manual: 

• Reference Manual included with detailed information on regulatory requirements and compliance issues

Class Specifications:

• Interactive class encouraging student participation · Hold no more than 35 students for optimum education
• Trainer staff with an average of 15+ years experience in the industry and still partaking in area of training

Includes

• Certificate of completion serves as proof of education (To view your state’s requirements and MTI’s approval for this class click here )