> Archived Webinar: 5 Definitions of a Qualified Mortgage Under CFPB Rules Effective January 10th

Friday, November 22, 2013
3:00 PM Eastern Daylight Time
4:30 PM

The 5 Definitions of a Qualified Mortgage under CFPB Rules Effective January 10, 2014: Including September 2013 Rule Changes

Available ONLY via Archived Webinar (Includes FREE CD ROM)

Archived webinar available Friday, November 22, 2013

In an effort to make the Dodd-Frank Qualified Mortgage “fit” in more situations, the Consumer Financial Protection Bureau has given us five definitions of a qualified mortgage. While not all will apply to every financial institution, every institution that makes mortgage loans will use one of the five definitions – most will use more than one. As we hurtle toward the January deadline, this webinar will assist you in considering all the options and ensure that all your mortgage loan types are compliant and ready to go.

(Note: This webinar will not cover other definitions of a Qualified Mortgage – such as those recently proposed by HUD for their FHA program. Because the HUD rule will not be final by the January deadline, we will save that discussion for a later date.)


  • The five qualified mortgage definitions
  • The different requirements for each definition
  • Its impact on your financial institution
  • Last-minute preparation suggestions
  • Decisions that need to be made


  • A document that highlights each type of qualified mortgage and provides information regarding the appropriate calculations for each type
  • Employee training log
  • Quiz you can administer to measure staff learning and a separate answer key

This informative session is designed for loan management personnel, especially those who are decision makers regarding the loan types your financial institution offers. Others in the lending area will find the information useful for loan underwriting and similar functions.

ABOUT THE PRESENTER – Bill Elliott, CRCM, Young & Associates, Inc.
Bill Elliott has over 30 years of banking experience. As a senior compliance consultant and manager of the compliance division with Young & Associates, Inc., Bill works on a variety of compliance-related issues, including leading compliance seminars, conducting compliance reviews, conducting in-house training, and writing compliance articles and training materials.

Bill’s career includes 15 years as a compliance officer and CRA officer in a large community bank, as well as working at a large regional bank. He has experience with consumer, commercial, and mortgage loans, and has managed a variety of bank departments, including loan review, consumer/commercial loan processing, mortgage loan processing, loan administration, credit administration, collections, and commercial loan workout.

Can't attend the live webinar?  The ON-DEMAND WEB LINK** is a recording of the live event including audio, visuals, and handouts. We even provide the presenter's email address so you may ask follow-up questions. Approximately 1 week prior to the webinar, you will receive an email with the web link. This web link can be viewed anytime 24/7, beginning 6 business days AFTER the webinar and will expire 6 months after the live program date.  But there's more . . . AS AN ADDED BONUS, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the on-demand link or this "off-the-shelf" training program for those that could not attend the live seminar and for future training.

*CD Rom for PC use only
**All materials are subject to copyright and intended for your credit union's use only.

NEW! Listen on your iPad, iPhone, or Android. Instructions will be emailed to you with the on-demand link.

INVESTMENT: $199.00 Archived On-Demand Web Link & Free CD ROM

To order and pay by check, email Mary Zelinsky at mzelinsky@njcul.org and your credit union will be invoiced. To order and pay online, click here