How To Originate Higher-Priced Mortgage Loans And High-Cost Mortgages

with
Michael R. Christians
On-Demand
$0.00
Training Includes:
  • Certificate of Attendance
  • All resources and training materials
  • An on-demand recording will be available after the live presentation.

Compliance expert Michael Christians will explain the differences between higher-priced and high-cost mortgages and reveal the requirements for these loans under Regulation Z. You will learn how to evaluate and originate these forms of expensive borrowing (which can be very lucrative for financial institutions).

What You'll Learn

  • What makes a mortgage higher-priced?
  • What are the escrow and appraisal requirements for a higher-priced loan?
  • What exceptions are available to small creditors?
  • What are the three ways to classify a mortgage loan as high-cost?
  • What are the disclosure requirements for a high-cost mortgage?
  • What product limitations should you consider?

Training Overview

Higher-priced and high-cost mortgages. Learn the differences and Regulation Z requirements.

The booming housing market is causing borrowers to agree to higher-priced and high-cost mortgages with rates that exceed even the increasing Average Prime Offer Rate (APOR).

Regulation Z imposes additional compliance obligations upon your financial institution when originating these loans. To reduce risks and please regulators, you need to understand these requirements.

  • What makes a mortgage higher-priced?
  • What are the escrow and appraisal requirements for a higher-priced loan?
  • What exceptions are available to small creditors?
  • What are the three ways to classify a mortgage loan as high-cost?
  • What are the disclosure requirements for a high-cost mortgage?
  • What product limitations should you consider?

Who Should Attend?

  • Mortgage loan originators
  • Underwriters
  • Loan processing staff
  • Compliance professionals
  • Internal audit personnel
  • New account representatives
  • Back-office personnel
  • Compliance officers
  • Risk managers
  • Branch managers
  • Assistant branch managers
  • Bankers
  • Operations officers and managers
  • Operations staff
  • Back-office personnel

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

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