A Day in the Life of a Mortgage Loan Originator
Featuring Michael R. Christians

Just $340 per person for MCUL-Affiliated members.

Day One | Tuesday, January 26

9:00 – 10:30 a.m.           
Loan Originator Basics and Application Requirements

10:30 – 10:45 a.m.         
Break

10:45 a.m. – Noon         
Underwriting Requirements

Day Two | Wednesday, January 27

9:00 – 10:30 a.m.           
Closing and Servicing Requirements

10:30 – 10:45 a.m.         
Break

10:45 a.m. – Noon         
Fair Lending Considerations

This course is a comprehensive overview of the mortgage lending process. New loan originators, as well as those looking to satisfy their periodic training requirement under Section 1026.36 of Regulation Z would benefit from attending.

During the session, participants will learn about the federal laws and regulations that impact the mortgage origination process, including:

· Loan Originator Basics

o The SAFE Act

o RESPA Section 8

o E-Sign Act

· Application Requirements

o Application Disclosures

o Collection of Monitoring Information

· Underwriting Requirements

o Ability to Repay / Qualified Mortgages

o High-Cost Mortgages

o Higher Priced Mortgage Loans

o Appraisals

o Reconsiderations of Value

o Automated Valuation Models

o Flood Insurance

o Adverse Action

· Closing Requirements

o Closing Disclosure

o Notice of Right to Cancel

· Servicing Requirements

o Payment Processing

o Prohibition on Pyramiding

o Partial Payments

o Payoff Statements

o Periodic Statements

o Subsequent Disclosures for ARMs

o Requests for Information

o Mortgage Servicing Transfers

o Escrow Accounts

o Error Resolution Procedures

o Force-Placed Hazard Insurance

o Early Intervention Requirements

o Continuity of Contact Provisions

o Loss Mitigation Procedures

· Fair Lending Considerations

o Equal Credit Opportunity Act

o Fair Housing Act

o Home Mortgage Disclosure Act