Speaker

Richard J. Andreano 

Program

Learn about the current and updated aspects of the rule and get a tour of the new forms for 2015.

The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) directed the Consumer Financial Protection Bureau (CFPB) to combine the mortgage loan disclosures under the Truth in Lending Act and Real Estate Settlement Procedures Act into integrated disclosures. After many rounds of testing, the CFPB developed an integrated application disclosure called the "Loan Estimate" and an integrated closing disclosure called, appropriately, the "Closing Disclosure". The CFPB also developed an accompanying rule for the new forms. The new forms and rule are effective August 2015. This live webinar will examine the basic aspects of the rule and the new integrated disclosure forms, and include a tour of the forms. The webinar will highlight changes that will require decisions regarding how companies conduct business, and that will place burdens on staff and systems. This webinar is important for all parties who participate in the residential mortgage loan industry or assist industry participants, including mortgage lenders and brokers, real estate brokers and agents, title companies, escrow and settlement companies, technology companies, document providers and attorneys. 
 
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Related Practice

Mortgage Banking