Education

3/15/07 Fair Lending Essentials seeks to achieve an overview of the multiple elements involved in fair lending with a focus on the real estate industry. This course explores fair lending issues in mortgage lending, including such topics as regulatory compliance laws, quality assistance dialogues, discrimination and diversity, product quotations and pre-qualification, understanding fine print, third party providers and tracking, credit approval and denial, loan closing, and HMDA-LAR. The course focuses on the history and background of regulatory compliance laws; the roles of third party providers, settlement agents, and property appraisers; the process of loan disposition and settlement; and relevant Internet sources of information.

4/11/07 Reverse Mortgage program for people 62 and older. This course will show you how to offer alternative financial solutions to your established customers that enables them to receive payouts from the built up equity in their home.

5/17/07 Jump Start Your Marketing.  Fred Arnold is a Industry leader and seasoned veteran in the areas of mortgage lending and business leadership.  Fred owns a successful mortgage practice in the Los Angeles area and has built his business on giving his clients great service.

6/21/07 RESPA The Real Estate Settlement Procedures Act is a consumer protection statute which regulates settlement practices within the real estate industry and promotes consumer awareness of the nature and costs of settlement. As its name implies, RESPA is primarily concerned with protecting consumers from unnecessarily high settlement charges and certain abusive practices relating to settlement and settlement services. RESPA also regulates certain servicing-related practices.

Congress charged the Department of Housing and Urban Development with the responsibility of enforcing RESPA. HUD wrote Regulation X, which defines precisely what industry players must do to comply with the RESPA statute. The implications of Regulation X are far-reaching throughout the lending process. Virtually everyone who works in loan production or mortgage servicing - and everyone who has ever purchased a one-to-four family residential home in the United States - is affected by Regulation X.

In this course, we will look at the basic purpose and highlights of the RESPA statute and Regulation X and their implications for players in the mortgage industry. In the first lesson, we look at the major provisions of the RESPA statute and Regulation X. In the second lesson, we look at the major disclosures required by Regulation X from the time of loan application until the end of the life of the loan.