Tuesday, January 14, 2014
(GMT-05:00) Eastern Time (US & Canada)
Credit Union Web Training Webinar:
Real Estate Collections Under the New CFPB Mortgage Servicing Rules
Buried within the avalanche of new regulations are very detailed rules governing every aspect of your real estate collections program. Is your institution ready? Are you incorporating these changes? The new mortgage servicing rules govern the timing and content of your delinquent borrower contact, the process for communicating loan modification options, and the foreclosure-initiation timing requirements. Recent changes to Truth in Lending and RESPA have added extensive new mortgage collection requirements for institutions that service 5,000 or more real estate loans – but there are hidden requirements for smaller servicers as well. From loan initiation to foreclosure completion, this session will review the new rules and how to effectively implement them.
Continuing Education: Attendance verification for CE credits upon request
Small servicer exceptions
Requirements for documenting borrower communications
Document retention requirements for loss prevention efforts
Early intervention requirements
Communicating loss-mitigation options
Rule application chart
Real estate collections checklist
Employee training log
Quiz you can administer to measure staff learning and a separate answer key
WHO SHOULD ATTEND?
This informative session is designed for executives, real estate lending staff, collections managers, real estate collectors, workout specialists, compliance personnel, and internal auditors.
Webinar content is subject to copyright and intended for your individual credit union’s use only.
MEET THE PRESENTER
David A. Reed, JD, Reed and Jolly, PLLC
View Registration Options and Pricing