Sept. 4, 2012 – Credit union compliance officers, mortgage loan staff and other industry professionals should note that NAFCU will be hosting a webcast tomorrow focusing on the Consumer Financial Protection Bureau’s numerous changes to the mortgage lending process.
The webcast, "Inside the CFPB's Mortgage Proposals," will be led by NAFCU Director of Regulatory Compliance Steve Van Beek, Esq., NCCO. Among the proposals that will be covered: the proposal to combine Truth in Lending Act and Real Estate Settlement Procedures Act disclosures; the proposed rule that would expand the types of mortgage loans that are subject to the Home Ownership and Equity Protection Act and how the proposal to change the definition of finance charges may impact the annual percentage rate on mortgage loans. It will also include an overview of the proposed rules that would revise mortgage servicing requirements under TILA/RESPA.
Van Beek will provide participants with a close look at how these proposals will impact credit union mortgage lending and what changes credit unions need to implement. Participants can expect a straightforward explanation of the technical changes that are proposed. Van Beek will also highlight which of the proposed mortgage changes are most likely to cause future headaches for compliance officers and loan officers.
The webcast, which will run from 2pm to 5pm, Eastern, is open to all credit unions, regardless of membership or charter type. For more information or to register, click here
For a sneak preview, credit unions can view recent blog posts from Van Beek from Friday, Aug. 10
and Tuesday, Aug. 14
For those who can’t participate, the webcast will be available to view via NAFCU’s website until Sept. 5, 2013. NAFCU encourages credit unions to view its array of archived webcasts