Breaking: Mortgage Servicing Rules Under The Real Estate Settlement Procedures Act

with
Michael R. Christians
On-Demand
$149.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Regulatory compliance counsel Michael Christians will outline the RESPA servicing requirements. You will learn how to comply with the new final rule.

What You'll Learn

  • What error resolution procedures does the rule impose?
  • What are the requirements for force-placed hazard insurance?
  • How should you comply with early intervention requirements?
  • What continuity of contact provisions must you follow?
  • How should you handle loss mitigation?
  • What are the servicing requirements for successors in interest?

Training Overview

New RESPA rule requires immediate loan servicing changes. Learn how to adapt your policies and procedures by August 31.

On June 28, the Consumer Financial Protection Bureau issued a final rule dictating “Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act (RESPA), Regulation X.”

You need to make changes to your loan servicing protocols to assist borrowers who have been financially affected by the pandemic. Digesting the 208-page rule and incorporating the dozens of required policy and procedural modifications in your institution by the August 31 deadline will be no small feat.

  • What error resolution procedures and requests for information does the rule impose?
  • What are the requirements for force-placed hazard insurance?
  • How should you comply with early intervention requirements?
  • What continuity of contact provisions must you follow?
  • What additional borrower protections have been added to the loss mitigation requirements?
  • What are the servicing requirements for successors in interest?

Who Should Attend?

  • Bank and credit union lending personnel

    • Chief credit officers

    • Credit analysts

    • Loan officers

    • Real estate lenders

    • Loan processors

    • Loan administrators

    • Loan servicing personnel

    • Loan review staff

    • Lenders

    • Underwriters

  • Bank and credit union compliance and audit personnel

    • Compliance officers

    • Risk officers and managers

    • Compliance professionals

    • Credit risk officers

    • Loan portfolio risk managers

Expert Presenter

Michael R. Christians

  • Principal of Michael Christians Consulting, LLC
  • Assists financial institutions and organizations across the country with ensuring their compliance programs conform to federal laws and regulations
  • Provides counsel relative to current rules, assists with the strategic implementation of upcoming regulatory changes, and offers customized education and training services
  • More than two decades of experience in the financial services industry
  • JD from Drake University Law School
  • Member of the Iowa State Bar

For Teams

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