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A Few Months Into New RESPA Webinar

As we all know, HUD made revolutionary changes to RESPA, including a brand-new GFE and HUD-1. As compliance with the new requirements becomes the new “normal,” we can all learn from the mistakes and advice of others. Plus HUD is still issuing FAQs to address issues with the new regulation.

We’ll discuss the new GFE and where various types of charges must be disclosed, including how they impact the tolerances. We’ll also address third-party issues, so you’ll know how to handle applications received from third parties, such as brokers. We’ll also discuss the legal landscape of RESPA and identify where the risks and challenges lie, so you can stay prepared.

Covered Topics:

• Coverage of RESPA: what loans fall under the rules? What are the exemptions and exceptions? Helpful guides and flowcharts included
• Loans secured by vacant land and rental property
• Meeting the definition of “application” – how can this help you?
• Guaranteeing rate and terms on your GFE
• Managing the new disclosures: GFE (including the provider list), HUD-1 Settlement Statements, Servicing Disclosure Statements – the how’s, the when’s, the why’s
• Tolerances – what fees go where, plus managing fees
• Timing of disclosures: the most common violation of RESPA and how to avoid it
• Anti-kickback rules (section 8): what you can and should not do, plus new activity in this area
• Useful resources for RESPA research and compliance

The Institute of Certified BankersTM(ICB) is dedicated to promoting the highest standards of performance and ethics within the financial services industry. This training webinar has been approved for 2.5 CRCM credits.

Schedule and Registration Information

Choose the delivery type that best suits your needs.  Tuition includes textbook (if applicable).
Webinar times are EST.  All other class times are local time.

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