Handling Loan Applications - Required Training for Loan Originators

Do you know how the term "application" is defined in all of the lending regulations? Do your lenders and front line staff understand the difference between applications and inquires? Join this fast-paced webinar to understand the application process with step by step instructions and actual examples that explain the requirements of several confusing regulations in terms that are easy to understand.

BONUS! - Reg Z now REQUIRES that loan originators have "periodic training" to ensure "knowledge of Federal legal requirements that apply to the individual loan originator's loan origination activities." (Source: 1026.36(f)(3)(iii) commentary).   ATTEND THIS SESSION TO SATISFY A PORTION OF THE REQUIRED COMPLIANCE TRAINING for all LOAN ORIGINATORS. START 2015 BY COMPLETING A TRAINING REQUIREMENT.

Covered Topics:

  • Learn what specific information will help you to handle applications correctly.
  • What are the top five mistakes made in application processing?
  • What are the timing requirements regarding applications?
  • When does an application have to be in writing? Does it have to be signed?
  • What are the signature rules for applications?
  • Learn about the required disclosure for the "Right to Receive a Copy of Appraisal". Who gets the notice and what are the timing rules? (NOTE: This requirement became effective January 18, 2014).
  • How do you properly document the "joint intent" to apply?
  • When is an adverse action notice required? What must it contain? Who receives one?
  • When can you pull a credit bureau? What documentation should be kept?
  • When can a co-signer be requested?
  • What are some practical suggestions and best practices?
  • Overview of changes for "Integrated Disclosures" beginning August 1, 2015 will be included

Who Should Attend?

This interactive session is a cost-effective way to gain a greater understanding of the rules about accepting and processing applications. This informative session will benefit loan officers, loan assistants, loan operations staff, compliance officers, auditors, and trainers.


Connection Error #D55. For immediate assistance, please use our online chat (lower right corner of this page).
   OnDemand Recording - $295   
   CD-ROM - $345